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Business, 02.11.2020 16:30 Shihhschool20

wilde company earned revenues of $200,000 in cash and $130000 on account during 2018. of the $200,000 on account, $80,000 was collected in cash in 2018 and the rest in 2019. The company incurred expenses of $145,000 on account in 2018 and made cash payments of $100,000 towards the expenses in 2018. What is the net income in 2018 under cash-basis accounting?

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wilde company earned revenues of $200,000 in cash and $130000 on account during 2018. of the $200,00...
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