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
Correct Answer:

Verified
Correct Answer:
Verified
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