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In its accrual-based income statement for the year ended December 31, 2011, Dart Company reported revenue of $1,750,000. Additional information follows: Accounts Receivable 12/31/10 $375,000 Uncollectible Accounts Written Off During 2011 $20,000 Accounts Receivable 12/31/11 $505,000 Required: Under the cash basis of income determination, how much should Dart report as revenue for 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
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