Business
Business, 15.02.2021 19:50, daijahamaker062816

Blossom Industries collected $105,000 from customers in 2019. Of the amount collected, $24,600 was for services performed in 2018. In addition, Blossom performed services worth $40,100 in 2019, which will not be collected until 2020. Blossom Industries also paid $72,200 for expenses in 2019. Of the amount paid, $29,800 was for expenses incurred on account in 2018. In addition, Blossom incurred $43,000 of expenses in 2019, which will not be paid until 2020.(a) Compute 2019 cash-basis net income. Cash-basis net income (b) Compute 2019 accrual basis net income Accrual-basis net incomes

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Blossom Industries collected $105,000 from customers in 2019. Of the amount collected, $24,600 was f...

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