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+ Wv2 Online teachinx gnment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator=assignment-take&inprogress=false Calculator A company had beginning accounts receivable of $175,000. All sales were on account and totalled $550,000. Cash collected from customers totalled $650,000. What was the ending accounts receivable balance? O $275,000 O$725,000 O$75,000 O$175,000 NOWv2 Online teachin X assignment/take AssignmentMain.do?invoker=assignments&take AssignmentSessionLocator assignment-take&inprogress=false Calculator What type of accounting recognizes revenues and expenses in the same accounting period that cash receipts and payments occur? o accrual basis of accounting finance method of accounting cash basis of accounting adjusting method of accounting Esignment/take AssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator assignment-take&inprogress=false Calculator Under accrual accounting, when should expenses be matched against revenue? Obefore the earnings process is complete O after payment for any costs related to the revenue O after cash is collected from the customer in the same period as the revenue they helped generate akeAssignment/take AssignmentMain.do?invoker assignments&take AssignmentSessionLocator assignment-take&inprogress=false Calculator The going-concem assumption infers that a company will continue to operate into the near future. True O False AssignmentSessionLocator=assignment-take&inprogress=false Calculator Information contained in the notes to the financial statements can be either quantitative (numerical) or qualitative (non-numerical) True O False PAssignment HRC Calculator A statement of earnings provides information at one specific point in time, while the other basic financial statements provide information on activities that occur over a period of time. O True Oralse