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Accruix,Inc

Question 40

Multiple Choice

Accruix,Inc.uses accrual basis accounting.Its balance sheets reported Accounts Receivable of $10,000 at the end of its first year and $15,000 at the end of its second year.Its income statement reported Sales Revenue of $100,000 in its second year.What would Accruix's revenues have been if it had used cash basis accounting?


A) $100,000
B) $95,000
C) $105,000
D) $10,000

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