Cash basis of income determination

Reference no: EM13259225

In its accural-basis income statement for the year ended decemember 31, 2008, Dart Company reported revenue of $1,750,000. Additional information follows:

Accounts Receivables 12/31/07 $375,000

Uncollectible accounts written off during 2008 20,000

Accounts Receivables 12/31/08 505,000

Required:

Under the cash basis of income determination, how much should Dart report as Revenue for 2008?

Reference no: EM13259225

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