Target sold $150,000 of merchandise at one of its stores on Saturday. It collected $100,000 cash for these sales. Their customers charged the rest. It cost Target $80,000 to acquire the merchandise they sold. How much revenue did Target have on Saturday under accrual-based accounting? Group of answer choices $100,000 $20,000 $70,000 $150,000
Target sold $150,000 of merchandise at one of its stores on Saturday. It collected $100,000 cash for these sales. Their customers charged the rest. It cost Target $80,000 to acquire the merchandise they sold. How much revenue did Target have on Saturday under accrual-based accounting? Group of answer choices $100,000 $20,000 $70,000 $150,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Target sold $150,000 of merchandise at one of its stores on Saturday. It collected $100,000 cash for these sales. Their customers charged the rest. It cost Target $80,000 to acquire the merchandise they sold. How much revenue did Target have on Saturday under accrual-based accounting?
Group of answer choices
$100,000
$20,000
$70,000
$150,000
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