The following information is related to sales of ABC company for the year 2016. Cash collected from customers during the year 400,000 Included in the above : Advance received from customers for orders not delivered 50,000 Amount received from customers related to previous year's sales 65,000 Amount not received from customers for current years sales 23,000 What is the amount of revenue reported in the income statement? (Remember the related concepts)$308000$285000$400,000$335,000

The following information is related to sales of ABC company for the year 2016. Cash collected from customers during the year 400,000 Included in the above : Advance received from customers for orders...

The following information is related to sales of ABC company for the year 2016.

Cash collected from customers during the year	400,000
Included in the above : Advance received from customers for orders not delivered	50,000
Amount received from customers related to previous year's sales	65,000
Amount not received from customers for current years sales	23,000

What is the amount of revenue reported in the income statement? (Remember the related concepts)

$308000

$285000

$400,000

$335,000

Jun 03, 2022

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