Concordia Industries collected $104,413 from customers in 2014. Of the amount collected, $27,830…

Concordia Industries collected $104,413 from customers in 2014. Of the amount collected, $27,830 was from revenue accrued from services performed in 2013. In addition, Concordia recognized $43,812 of revenue in 2014, which will not be collected until 2015.

Concordia Industries also paid $72,114 for expenses in 2014. Of the amount paid, $30,409 was for expenses incurred on account in 2013. In addition, Concordia incurred $35,840 of expenses in 2014, which will not be paid until 2015.

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