The following is selected information from Pina Colada Corp. for the fiscal year ending October 31, 2022. Cash received from customers $330000 Revenue recognized 484000 Cash paid for expenses 187000 Cash paid for computers on November 1, 2021 that will be used for 3 years 52800 Expenses incurred including any depreciation 237600 Proceeds from a bank loan, part of which was used to pay for the computers 110000 Based on the accrual basis of accounting, what is Pina Colada's net income for the year ending October 31, 2022?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following is selected information from Pina Colada Corp. for the fiscal year ending October 31, 2022. Cash received from customers ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What are some goals of NYFEA? Check all that apply. encouraging political involvement educating children developing agricultural leaders encouraging new and young farmers developing medical treatments encouraging small farms
Answers (1)
At the beginning of the year, manufacturing overhead for the year was estimated to be $1,052,700. At the end of the year, actual direct labor-hours for the year were 36,400 hours, the actual manufacturing overhead for the year was $990,000, and
Answers (1)
Macroeconomic equilibrium occurs when aggregate supply and aggregate demand meet. what does this indicate about society?
Answers (1)
Which one of the following statements does NOT describe a problem with using ROE as a performance measure? A. ROE measures return on accounting book value, and this problem is not solved by using market value. B.
Answers (1)
An unrestricted fare is one that A. may allow some changes. B. is the same as a coach fare. C. is less expensive than either coach or business class. D. is nonrefundable.
Answers (2)
New Questions in Business
Olivia's employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from Olivia's paycheck? A) tax exemption B) local withholding C) state withholding D) Social Security withholding
Answers (1)
A popular variation of the accounts receivable turnover is the a. credit risk ratio. b. concentration of credit risk. c. bad debts ratio. d. average collection period.
Answers (1)
When Japan exports goods to the United States, which Country shows a balance of payments credit
Answers (1)
Love Company's accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018.
Answers (1)
g If government spending rises at the same time it reduces tax rates, then:Group of answer choicesbusiness investment will likely fall. crowding out will never occur. interest rates will never rise. business investment will likely rise.
Answers (1)