(Solved): Under accrual basis accounting, expenses are recognized when incurred, which means the activity giv ...

Under accrual basis accounting, expenses are recognized when incurred, which means the activity giving rise to the expense has occurred. Assume the following transactions occurred in January: Required: For each of the transactions, if an expense is to be recognized in January, indicate the amount. Amazing organization is a fictitious company. Amazing.org generates revenue from three main business lines: (1) online store sales. (2) fees for services and memberships, and (3) its Amazing Web Service (AWS) cloud computing platform. Required: 1. According to the bar graph, which of the three main business lines generated the most revenue in Year 7 ? How much revenue did this line generate in Year \( 7 ? \) 2. The rocket-ine graph shows the proportion of revenue contributed by the three main lines of business. According to this graph. Which business line has had the greatest proportionate increase between Year 4 and Year \( 7 ? \) What percentage of total revenue did this line of business contribute to Amazing.org's total revenues in Year 4 and Year \( 7 ? \) 3. What additional information from the income statement would you require to determine the company's net profit margin in Year \( 7 ? \) Required: 1. According to the bar graph, which of the three main business lines generated the most revenue in Year 7 ? How much revenue this line generate in Year \( 7 ? \) 2. The rocket-line graph shows the proportion of revenue contributed by the three main lines of business. According to this graph Which business line has had the greatest proportionate increase between Year 4 and Year \( 7 ? \) What percentage of total revenue di line of business contribute to Amazing.org's total revenues in Year 4 and Year \( 7 ? \) 3. What additional information from the income statement would you require to determine the company's net profit margin in Year Complete this question by entering your answers in the tabs below. According to the bar graph, which of the three main business lines generated the most revenue in Year \( 7 ? \) How much revenue did this line generate in Year \( 7 ? \) Required: 1. According to the bar graph, which of the three main business lines generated the most revenue in Year \( 7 ? \) How much revenue did this line generate in Year \( 7 ? \) 2. The rocket-line graph shows the proportion of revenue contributed by the three main lines of business. According to this graph, which business line has had the greatest proportionate increase between Year 4 and Year \( 7 ? \) What percentage of total revenue did thi line of business contribute to Amazing.org's total revenues in Year 4 and Year \( 7 ? \) 3. What additional information from the income statement would you require to determine the company's net profit margin in Year 7 ? Complete this question by entering your answers in the tabs below. The rocket-line graph shows the proportion of revenue contributed by the three main lines of business. According to this graph, which business line has had the greatest proportionate increase between Year 4 and Year 77 What percentage of total revenue did this line of business contribute to Amazing.org's total revenues in Year 4 and Year \( 7 ? \) Required: 1. According to the bar graph, which of the three main business lines generated the most revenue in Year \( 7 ? \) How much revenue did this line generate in Year \( 7 ? \) 2. The rocket-line graph shows the proportion of revenue contributed by the three main lines of business. According to this graph, which business Hine has had the greatest proportionate increase between Year 4 and Year \( 7 ? \) What percentage of total revenue did thi line of business contribute to Amazing.org's total revenues in Year 4 and Year \( 7 ? \) 3. What additional information from the income statement would you require to determine the company's net profit margin in Year 7 ? Complete this question by entering your answers in the tabs below. What additional information from the income statement would you require to determine the company's net profit margin in Year:7? Additonal infomation required to determine the company's net prosit margin in Year 7