During 2021, Bycomb Company generated revenues of £300,000 for services rendered of which £70,000 was owing as of December 31, 2021. How much should be reported as service revenues in the 2021 Income Statement?

During 2021, Bycomb Company generated revenues of £300,000 for services rendered of which £70,000 was owing as of December 31, 2021. How much should be reported as service revenues in the 2021 Income Statement?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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