"Assume a company has a $350 credit (not cash) sale". How would the transaction appear if the business uses accrual accounting? A. The transaction would not be reported because the cash was not exchanged. B. 350 would show up on the balance sheet as a sale. C. $350 would show up on the income statement as a sale. D. $350 would show up on the statement of cash flows as a cash outflow.

statement of owner's equity;

answer the amount a seller is paid minus the cost of production;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.