Overview - Comprehensive of Chapter 1 Adjustments between Cash and Accrual Net income prepared using the cash method was $1,535,000. You made the following net adjustments to the balance sheet: -$765,000 in accrual assets, -$278,000 in accrual liabilities. What is the accrual income? $492,000 $2,022,000 $1,048,000 $2,578,000

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter23: Statement Of Cash Flows
Section: Chapter Questions
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Am. 128.

Overview - Comprehensive of Chapter 1
Adjustments between Cash and Accrual
Net income prepared using the cash method was $1,535,000. You made the following net adjustments to the
balance sheet: -$765,000 in accrual assets, -$278,000 in accrual liabilities. What is the accrual income?
$492,000
$2,022,000
$1,048,000
$2,578,000
Transcribed Image Text:Overview - Comprehensive of Chapter 1 Adjustments between Cash and Accrual Net income prepared using the cash method was $1,535,000. You made the following net adjustments to the balance sheet: -$765,000 in accrual assets, -$278,000 in accrual liabilities. What is the accrual income? $492,000 $2,022,000 $1,048,000 $2,578,000
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