For the year ended June 30, 2017, Harry Corp.reported revenue of $900,000 in its accrual basis income statement.Additional information was as follows: Under the cash basis, Harry should report revenue of
A)$590,000.
B)$610,000.
C)$630,000.
D)$1,190,000.

Question

For the year ended June 30, 2017, Harry Corp.reported revenue of $900,000 in its accrual basis income statement.Additional information was as follows:  Under the cash basis, Harry should report revenue of
A)$590,000. 
B)$610,000. 
C)$630,000. 
D)$1,190,000.

Quizplus · Accepted Answer

The Answer of For the year ended June 30, 2017, Harry Corp.reported revenue of $900,000 in its accrual basis income statement.Additional information was as follows:  Under the cash basis, Harry should report revenue of
A)$590,000. 
B)$610,000. 
C)$630,000. 
D)$1,190,000.

For the Year Ended June 30, 2017, Harry Corp