During

$20212021,$

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$$Network$,$ Inc., which designs network$$ servers, earned revenues of

$ $800$$$800$

million. Expenses totaled

$ $500$ million.$$500$million$.$

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collected all but

$ $29$$$29$

million of the revenues and paid

$ $540$$$540$

million on its expenses.

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requirements

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Question content area bottom

Part $1$

Requirement a$.$ Under accrual$$ accounting, what amount of revenue should

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report for

$20212021?$

How does the revenue principle help to answer this$$ question?

The amount of revenue that should be reported for the year in millions is