Business, 07.03.2020 00:04, alexiscorey7051

Peace of mind provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Peace of Mind has collected $900 from cash-paying customers. Peace of MindPeace of Mind's remaining customers owe the business $1,200.

How much service revenue would Peace of MindPeace of Mind have for the year under the

a. cash basis?

b. accrual basis?

A. under the cash basis, Peace of mind will record $ of service revenue for the year.

B. Under the accrual basis, Peace of mind will record $ of service revenue for the year.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:50, vdirectioner7634

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Answers: 3

continue

Business, 22.06.2019 12:00, ddaaaeeee3503

Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.

Answers: 2

continue

Business, 23.06.2019 00:00, zhellyyyyy

The gorman group is a financial planning services firm owned and operated by nicole gorman. as of october 31, 2016, the end of the fiscal year, the accountant for the gorman group prepared an end-of-period spreadsheet, part of which follows:

Answers: 2

continue

Business, 23.06.2019 00:20, wwesuplexcity28

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability

Answers: 3

continue

Do you know the correct answer?

Peace of mind provides house-sitting for people while they are away on vacation. Some of its custome...