During

$20212021,$

BoydBoyd

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

$ $760$$$760$

million. Expenses totaled

$ $510$ million.$$510$million$.$

BoydBoyd

collected all but

$ $24$$$24$

million of the revenues and paid

$ $550$$$550$

million on its expenses.

Read the

requirements

LOADING...

$.$

Question content area bottom

Part $1$

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

BoydBoyd

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

$$