Crue Company Had the Following Transactions During 2022:

question 45

Multiple Choice

Crue Company had the following transactions during 2022:
Sales of $4,800 on account to 1.
Collected $2,000 for services to 1.
Paid $1,625 cash in salaries

Purchased airline tickets for $250 in December for a trip to take place in 2023
What is Crue's 2022 net income using accrual accounting-basis?

• A)$2,925
• B)$3,175
• C)$4,925
• D)$5,175

---

Definitions:

Thalamus

A crucial brain structure that acts as a relay station for sensory and motor signals to the cerebral cortex, involved in consciousness and alertness.

Occipital Lobes

Regions of the cerebral cortex at the back of the brain; these regions are important for vision.

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, playing a key role in memory, attention, perception, awareness, thought, language, and consciousness.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.