On June 1,Royal Corp

question 24

Short Answer

On June 1,Royal Corp.began operating a service company with an initial cash investment by shareholders of $2,000,000.The company provided $6,400,000 of services in June and received full payment in July.Royal also incurred expenses of $3,000,000 in June that were paid in August.During June,Royal paid its shareholders cash dividends of $1,000,000.What was the company's income before income taxes for the two months ended July 31 under the following methods of accounting?

---

Definitions:

Frequency

The number of occurrences of a repeating event per unit of time, often used in the context of waves or cycles.

Sensitivity To Sound

An increased responsiveness or discomfort to auditory stimuli, which can range from a mild annoyance to severe impact on daily functioning.

Hz Range

Refers to the spectrum of frequencies, measured in Hertz (Hz), in various contexts such as sound, electromagnetic waves, or electrical signals.

Evolution Of Music

The study of how music has developed and changed over time, from ancient times to the contemporary era, encompassing changes in musical styles, instruments, and cultural contexts.