What amount of revenue from this transaction should the


During 2010, Sigma Company earned service revenues amounting to $700,000, of which $630,000 was collected in cash; the balance will be collected in January 2011. What amount of revenue from this transaction should the January 2011 income statement report for service revenues?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What amount of revenue from this transaction should the
Reference No:- TGS02565181

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)