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Sing Songs Ltd

Question 45

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Sing Songs Ltd. started operations on January 1, 2010. During its first year of operations, the company had a choice of accounting policies:
Sing Songs Ltd. started operations on January 1, 2010. During its first year of operations, the company had a choice of accounting policies: Using the following information about activities for 2010-2012, derive the net income for each year under both accounting options: Using the following information about activities for 2010-2012, derive the net income for each year under both accounting options:
Sing Songs Ltd. started operations on January 1, 2010. During its first year of operations, the company had a choice of accounting policies: Using the following information about activities for 2010-2012, derive the net income for each year under both accounting options:

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Accounting Option 1
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