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Erie Company reports the following comparative balance sheets and income statement information.

-The amount of cash revenue received from customers during 2016 was:
A)$296,000.
B)$264,000.
C)$280,000.
D)$248,000.

Question

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Erie Company reports the following comparative balance sheets and income statement information.
  
-The amount of cash revenue received from customers during 2016 was:
A)$296,000. 
B)$264,000. 
C)$280,000. 
D)$248,000.

Quizplus · Accepted Answer

The correct answer is $296,000, as it represents the total cash revenue received from customers during 2016.

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