[Ninja009]

BEC 77 PASSED
AUD 74, 72, 87 PASSED
REG 68, 64, 74 , PASSED 78 Thank you Ninja
FAR 60, 8/25 (GOD BLESS US: NINJAS)

[cpagal]

It doesn't ask for net revenue from cash sales. It asks for net sales using the cash basis of accounting. Ask yourself how much cash did the company collect and that will be your answer.

760000 from people who gave you cash

114000 from people you let pay you later

Since your AR balance was 40,000 and is now 30,000, not only did you collect the while 114,000 but also 10,000 from the previous year.

So answer is…

76,000

114,000

10,000

Total 200,000

FAR - 08/30/15 - 90
AUD - 11/12/15 - 92
REG - 01/19/16 - 82
BEC - 02/29/16 - 83

Passed all on 1st attempt using GLEIM (full program) and NINJA (MCQ only)!!!

Louisiana Licensed CPA

[Ninja009]

thanks

BEC 77 PASSED
AUD 74, 72, 87 PASSED
REG 68, 64, 74 , PASSED 78 Thank you Ninja
FAR 60, 8/25 (GOD BLESS US: NINJAS)

[Author]

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