Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

Compared to its 2004 cash-basis net income, Potoma Co.'s 2004 accrual-basis net income increased when it:

Sold used equipment for cash at a gain in 2004.
Had lower accrued expenses on December 31, 2004, than on January 1, 2004.
Declared a cash dividend in 2003 that it paid in 2004.
Wrote off more accounts receivable balances than it reported as uncollectible accounts expense in 2004.
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