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Given the Data Below for a Firm in Its First

Question 90

Multiple Choice

Given the data below for a firm in its first year of operation, determine net income under the cash basis of accounting. Given the data below for a firm in its first year of operation, determine net income under the cash basis of accounting. A) $6,500 B) $11,000 C) $4,700 D) $6,950


A) $6,500
B) $11,000
C) $4,700
D) $6,950

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