Solution-What was alphas accrual basis and cash basis net

What was alphas accrual basis and cash basis net income

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Reference no: EM132430264

Question - During the year, Alpha's operating expenses (not included depreciation) were $90000 of which $20000 cash was pad Alpha also had cash sales of $75000 and a credit sales of $65000. In addition, Alpha purchased a truck on the first day of the current year for $30000 cash that was expected to have a useful life of 5 years and no salvage value (straight line depreciation). What was Alphas' accrual basis and cash basis net income. (Ignore income tax).

Reference no: EM132430264

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What was alphas accrual basis and cash basis net income

Reference no: EM132430264

Reference no: EM132430264

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