70 #42 Net
70 #42 Net
Check out this page if you are looking for 70 #42 Net
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 12 x 14 x 70 42 Batting Cage Net w Free Net Saver  US $689.00
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 COMMERCIAL GRADE 42 Twisted Poly Batting Cage 70x14x12 Net Only US $799.00
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 COMMERCIAL GRADE 42 Twisted Poly Batting Cage 70x12x12 Net Only US $769.00
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 12 x 14 x 70 42 Knotless Batting Cage Net w Free Shipping and Free Net Saver US $699.00
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 12 x 12 x 70 42 Knotless Batting Cage Net w Free Shipping and Free Net Saver US $669.00
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 12 x 12 x 70 42 Batting Cage Net Frame L Screen US $1,725.30
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 12 x 14 x 70 42 Batting Cage Net Frame L Screen US $1,734.30
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 12 x 14 x 70 Batting Cage Frame 42 Net L Screen US $1,583.10
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 12 x 12 x 70 Batting Cage Frame 42 Net L Screen US $1,599.30
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How to calculate Accrual and Cash basis net income?
Conan Industries collected $100,000 from customers in 2010. Of the amount collected, $25,000 was from revenue earned on account in 2009. In addition, Conan earned $40,000 of revenue in 2010, which will not be collected until 2011.
Conan Industries also paid $70,000 for expenses in 2010. Of the amount paid, $30,000 was for expenses incurred on account in 2009. In addition, Conan incurred $42,000 of expenses in 2010, which will not be paid until 2011.
Instructions
(a) Compute 2010 cash-basis net income. $
(b) Compute 2010 accrual-basis net income
Cash Basis:
Revenue 100,000
Expenses (70,000)
Net Income 30,000
Accrual Basis:
Revenue 100,000-25,000+40,000=115,000
Expenses 70,000-30000+42000=82,000
Net Income 33,000