A
anon_xdkqbpnrbtnct
Guest
I'm taking a class and I have a problem.
I am putting together an INCOME STATEMENT.
I have a problem where the person generates revenue during a month, say January, and then in February decides to transfer all of the assets, liabilities, everything else into a corporation starting in February.
Does the cash on hand at the end of January count as REVENUE for February?
I am putting together an INCOME STATEMENT.
I have a problem where the person generates revenue during a month, say January, and then in February decides to transfer all of the assets, liabilities, everything else into a corporation starting in February.
Does the cash on hand at the end of January count as REVENUE for February?
