During 2021, Barron Notwork, knc, which designs network servers, eamed tevenuet of $880 milion. Expenses totaled $540 milion. Barton collected all but $24 mition of the revenues and pald 5550 mitich on is expenses. Rend the ceguitements Requiremeot a, Uodec accrual acoougtiog, what anount ol revenue should Barron report for 2021 ? How does the reverme peinchie help to answer this question? The amount of revenue that should be meported for the year in millone is During 2021, Barron Network, Inc., which designs network servers, eamed revenues of $880 million. Expenses totaled $540 million. $550 million on its expenses. Read the reguirements Requirement a. Under The amount of revenue Requirements a. Under accrual accounting, what amount of revenue should Barron report for 2021? How does the revenue principle help to answer this question? b. Under accrual accounting, what amount of total expense should Barron report for 2021? Which accounting principle helps to answer this question? c. Redo parts a and b using the cash basis. Explain how the accrual basis differs from the cash basis. d. Which financial statement reports revenues and expenses? Which statement reports cash receipts and cash payments? During 2021, Barron Notwork, knc, which designs network servers, eamed tevenuet of $880 milion. Expenses totaled $540 milion. Barton collected all but $24 mition of the revenues and pald 5550 mitich on is expenses. Rend the ceguitements Requiremeot a, Uodec accrual acoougtiog, what anount ol revenue should Barron report for 2021 ? How does the reverme peinchie help to answer this question? The amount of revenue that should be meported for the year in millone is During 2021, Barron Network, Inc., which designs network servers, eamed revenues of $880 million. Expenses totaled $540 million. $550 million on its expenses. Read the reguirements Requirement a. Under The amount of revenue Requirements a. Under accrual accounting, what amount of revenue should Barron report for 2021? How does the revenue principle help to answer this question? b. Under accrual accounting, what amount of total expense should Barron report for 2021? Which accounting principle helps to answer this question? c. Redo parts a and b using the cash basis. Explain how the accrual basis differs from the cash basis. d. Which financial statement reports revenues and expenses? Which statement reports cash receipts and cash payments