The following is selected information from Motley Corporation for the fiscal year ending October 31, 2018. Based on the accrual basis of accounting, what is Motley Corporation's net income for the year ending October 31, 2018?
A) $72,000.
B) $104,000.
C) $139,000.
D) $155,000.

Question

The following is selected information from Motley Corporation for the fiscal year ending October 31, 2018.  Based on the accrual basis of accounting, what is Motley Corporation's net income for the year ending October 31, 2018?
A) $72,000. 
B) $104,000. 
C) $139,000. 
D) $155,000.

Quizplus · Accepted Answer

The Answer of The following is selected information from Motley Corporation for the fiscal year ending October 31, 2018.  Based on the accrual basis of accounting, what is Motley Corporation's net income for the year ending October 31, 2018?
A) $72,000. 
B) $104,000. 
C) $139,000. 
D) $155,000.

The Following Is Selected Information from Motley Corporation for the Fiscal