A company provides the following information:
　　                                                Year 1         Year 2              Year 3
　　Cash receipts from customers:
　　From year 1 sales                       $95,000       $120,000
　　From year 2 sales                                           200,000         $75,000
　　From year 3 sales                                             50,000         225,000
　　What is the accrual-based revenue for year 2?
　　A. $320,000
　　B. $275,000
　　C. $370,000
　　D. $200,000
　　Answer:B
　　B is corrent because accrual-based revenues would include all sales made during year 2. The cash received of $200,000 from year 2 sales and the cash received during year 3 of $75,000 for the year 2 sales are included in sales for year 2 ($200,000 + $75,000 = $275,000). Collection of year 1 sales would decrease the accounts receivable account. Collection of year 3 sales during year 2 would be recorded as unearned revenue.