Concordia Industries collected $105,877 from customers in 2014. Of the amount collected, $27,803 was from revenue accrued from services performed in 2013. In addition, Concordia recognized $45,640 of revenue in 2014, which will not be collected until 2015.
Concordia Industries also paid $72,985 for expenses in 2014. Of the amount paid, $29,644 was for expenses incurred on account in 2013. In addition, Concordia incurred $38,504 of expenses in 2014, which will not be paid until 2015.