During 2016, Sigma Company earned service revenue amounting to $900,000, of which $695,000 was collected in cash; the balance will be collected in January 2017. Also in 2016 there were collections of cash prior to the delivery of goods/services totaling $8,200. What amount should the 2016 income statement report for service revenues

1 answer
Question:

During 2016, Sigma Company earned service revenue amounting to $900,000, of which $695,000 was collected in cash; the balance will be collected in January 2017. Also in 2016 there were collections of cash prior to the delivery of goods/services totaling $8,200. What amount should the 2016 income statement report for service revenues

Answers

Answer:$900,000Explanation:Based on the information given we were told that During the year 2016, the Company earned service revenue that was amounting to the amount of $900,000 which means that the amount that the year 2016 income statement should report for service revenues is the amount of $900,000 which was the service revenue that was earned by the company in year 2016.Therefore the amount 2016 income statement should report for service revenues will be $900,000.

Similar Solved Questions

2 answers

Gas X has a mass of 28.02 amu and gas Y has a mass of 32 amu. Which gas will diffuse faster?

Gas X has a mass of 28.02 amu and gas Y has a mass of 32 amu. Which gas will diffuse faster?...
1 answer

Explain why a balloon can change in size when the temperature increases or decreases

Explain why a balloon can change in size when the temperature increases or decreases...
1 answer

Sovle 4 pls and thank you

sovle 4 pls and thank you...
1 answer

Life of Pi novel give me one quote that show Pi is a adaptive person

Life of Pi novel give me one quote that show Pi is a adaptive person...
1 answer

X is 25% of 104, 7 is 10% of y, and n is 80% of y. y is what percent of (n+y−x)?

x is 25% of 104, 7 is 10% of y, and n is 80% of y. y is what percent of (n+y−x)?...
1 answer

Read the dictionary definition. hoax [hohks] noun 1. something intended to deceive or defraud If Sammy’s broken arm is a hoax, then a. he should go to the hospital. b. he will be in great pain. c. his arm is not really broken. d.he won’t be able to swim.

Read the dictionary definition. hoax [hohks] noun 1. something intended to deceive or defraud If Sammy’s broken arm is a hoax, then a. he should go to the hospital. b. he will be in great pain. c. his arm is not really broken. d.he won’t be able to swim....
2 answers

What is a Bivalents in biology ​

What is a Bivalents in biology ​...
1 answer

A dosage is changed from 15 mg per day to 9 mg per day. What is the percentage decrease?

A dosage is changed from 15 mg per day to 9 mg per day. What is the percentage decrease?...
1 answer

There are 153 stickers and 37 bouncy balls in the prize bin. If each child takes 10prizes, how many children can take prizes?​

There are 153 stickers and 37 bouncy balls in the prize bin. If each child takes 10prizes, how many children can take prizes?​...
2 answers

What type of bond is a peptide bond? a. Covalent b. Hydrogen c. Van der waals d. Ionic

What type of bond is a peptide bond? a. Covalent b. Hydrogen c. Van der waals d. Ionic...
1 answer

Classify the following triangle. Check all that apply. A. Right O B. Obtuse Dc. Isosceles D. Acute DE. Equilateral 0F Scalene

Classify the following triangle. Check all that apply. A. Right O B. Obtuse Dc. Isosceles D. Acute DE. Equilateral 0F Scalene...
1 answer

LWOP inmates have "nothing to lose" if they kill or commit other infractions in prison. O True O False

LWOP inmates have "nothing to lose" if they kill or commit other infractions in prison. O True O False...
1 answer

Why do you think Dr. Hamiska is so excited?

Why do you think Dr. Hamiska is so excited?...
1 answer

Solve by elimination: x + 9y = 8 -6X - 9y = -3

Solve by elimination: x + 9y = 8 -6X - 9y = -3...
1 answer

Why do all the cells in your organs have the same DNA but in their nulclei but perform different jobs? Please include the words cellular differentiation! So confused

Why do all the cells in your organs have the same DNA but in their nulclei but perform different jobs? Please include the words cellular differentiation! So confused...
2 answers

2x(x−5)+(x−2)(x+3) hgjgjhfj

2x(x−5)+(x−2)(x+3) hgjgjhfj...
2 answers

Complete the translation of the following sentence into Spanish. You (plural) get dressed before breakfast. _______ del desayuno.

Complete the translation of the following sentence into Spanish. You (plural) get dressed before breakfast. _______ del desayuno....
1 answer

Help!!!! how many will 12 shirts cost!?

Help!!!! how many will 12 shirts cost!?...
2 answers

Every december, many jewish families celebrate chanukah, the "festival of lights," during which special foods are served, rituals are practiced, and traditional activities take place that are unique to this faith. in this context, members of the jewish faith would represent which concept? folkway counterculture subculture moral holiday place

Every december, many jewish families celebrate chanukah, the "festival of lights," during which special foods are served, rituals are practiced, and traditional activities take place that are unique to this faith. in this context, members of the jewish faith would represent which concept? folkway co...
2 answers

Plz helppppppp ummmmm helpppp​

plz helppppppp ummmmm helpppp​...

-- 0.015589--