Did You Fail the 2024 CPA FAR Exam ! By Darius Clark Cash Basis to Accrual-i75 CPA Review-

[@sooyunkim2582]

$107,000 because payable went down by $7,000, which you earned as a revenue but simply used that to bring payable down. So, you have to add it back to the cash net income of $100,000.

[@KaylaCampbell-k2m]

$107,000 because payable decreased and has indirect relationship with accrual NI

[@Huey-f8l]

if it says the beginning A/R is 5000 and the ending A/R is 1000, we got 4000 cash, which is earned revenue. 100,000+4000=104,000

[@BAndrew23]

You already earned that 4000 last year, you just collected it this year.

[@andreaoyendong7971]

$107,000

[@falgunichauhan1928]

$107,000?