SURVEY OF ACCOUNTING-ACCESS
SURVEY OF ACCOUNTING-ACCESS
4th Edition
ISBN: 9780077631536
Author: Thomas Edmonds
Publisher: McGraw-Hill Education
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Chapter 10, Problem 2Q

2. What does the value-added principle mean as it applies to managerial accounting information? Give an example of value-added information that may be included in managerial accounting reports but is not shown in publicly reported financial statements.

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Amount of collection from customer?
Hamilton Consulting Services, a consulting firm, had accounts receivable of $15,000 on March 31. During April, payments from customers on account totaled $8,000. At the end of April, Hamilton had accounts receivable amounting to $18,000. What was the amount of consulting services provided to customers on credit during the month of April?
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SURVEY OF ACCOUNTING-ACCESS

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