Question: During 2 0 2 1 , Barron Network, Inc., which designs network servers, earned revenues of $ 8 8 0 million. Expenses totaled $ 5

During 2021, Barron Network, Inc., which designs network servers, earned
revenues of $880 million. Expenses totaled $590 million. Barron collected all
but $23 million of the revenues and paid $600 million on its expenses.
Read the requirements.
Requirement a. Under ficcrual accounting, what amount of revenue should
Barron report for 2021? How does the revenue principle help to answer this
question?
The amount of revenue that should be reported for the year in
millions is
During 2021, Barron Network, Inc., which designs network servers, earned revenues

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