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Business, 05.08.2019 17:20 beevus2666

Acompany’s cash-basis net income for the year ended december 31 was $75,000. the following information is from the company’s accounting records:
january 1 december 31
accounts receivable $15,000 $20,000
prepaid expenses 7,000 4,000
accrued liabilities 2,500 2,000
what is the accrual-basis net income?
$72,500
$75,000
$77,500
$83,500

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Acompany’s cash-basis net income for the year ended december 31 was $75,000. the following informati...
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