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What is the proper amount of revenue to be reported

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Question 1: During 2014, Donway Corporation received $20,000 in cash ($8,000 from sales that had been made on credit in 2013 and $12,000 from cash sales made in 2014). In addition, the company made sales on credit in 2014 of $17,000. Based on accrual accounting procedures, what is the proper amount of revenue to be reported for 2014?

a) $37,000

b) $29,000

c) $28,000

d) $25,000

Reference no: EM132484655

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