Sing Songs Ltd.started operations on January 1,2016.During its first year of operations,the company had a choice of accounting policies:

Using the following information about activities for 2016-2018,derive the net income for each year under both accounting options:

Question

Sing Songs Ltd.started operations on January 1,2016.During its first year of operations,the company had a choice of accounting policies:
  
Using the following information about activities for 2016-2018,derive the net income for each year under both accounting options:

Quizplus · Accepted Answer

The Answer of Sing Songs Ltd.started operations on January 1,2016.During its first year of operations,the company had a choice of accounting policies:
  
Using the following information about activities for 2016-2018,derive the net income for each year under both accounting options: