Evan Corporation provided consulting services for Kensington Company in 2018. Evan incurred costs of ($ 60,000) associated
Question:
Evan Corporation provided consulting services for Kensington Company in 2018. Evan incurred costs of \(\$ 60,000\) associated with the consulting and billed Kensington \(\$ 130,000\). Evan paid \(\$ 40,000\) of its costs in 2018 and the remaining \(\$ 20,000\) in 2019 . Evan received \(\$ 45,000\) of its billing in 2018. Kensington paid the remaining \(\$ 85,000\) in 2019. Evan reports on the accrual basis of accounting. How much is Evan's 2018 and 2019 profit related to the Kensington consulting?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To determine Evan Corporations revenue and expenses for 2018 and 2019 we need to account for the amo...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
8+ Reviews
22+ Question Solved
Related Book For 
Question Posted:
