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How much should ralph report as revenue

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In its accrual-basis income statement for the year ended December 31, 20X2, Ralph Company reported revenue of $2,565,000. Additional information was as follows.

Accounts receivable 12/31/X1                          $418,500
Uncollectible accounts written off during 2X2      17,200
Accounts receivable 12/31/X2                          391,700

Required:

Problem 1: Under the cash basis of net income determination, how much should Ralph report as revenue for 20X2?

Reference no: EM132982395

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