The Whackem-Smackem Software Company sold $11 million of computer games in its first year of operations.The company received payments of $7.5 million for these computer games.The company's income statement would report:
A) Accounts Receivable of $3.5 million.
B) expenses of $3.5 million.
C) Sales Revenue of $7.5 million.
D) Sales Revenue of $11 million.
Correct Answer:
Verified
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