Given Below Are the Activities of the Tamara Company Using the Cash Basis of Accounting,the Total Revenues for Tamara

question 144

Multiple Choice

Given below are the activities of the Tamara Company:
$\begin{array} { l } \text {Credit sales }&\$90,000 \\ \text { Cash sales}&\$50,000 \\ \text {Cash collections from credit customers }&\$ 36,000\\ \text {Purchased inventory on account }&\$27,000 \\\end{array}$

Using the cash basis of accounting,the total revenues for Tamara Company are ________.

• A) $56,000
• B) $86,000
• C) $90,000
• D) $173,000

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Definitions:

Continuous Development

A perspective on human development which sees changes as gradual and incremental, without sudden shifts or distinct stages.

Discontinuous Development

The concept that development occurs in distinct stages that are qualitatively different from each other rather than as a smooth, continuous progression.

Nature

The inherent qualities or characteristics of a person or thing; frequently contrasted with nurture, or environmental influences.

Nurture

The influence of external factors like environment, education, and social experience on the development of an individual.