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    Fundamentals of Financial Accounting Study Set 4
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    Exam 3: The Income Statement
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    Calculate the Following
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Calculate the Following

Question 141

Question 141

Essay

Calculate the following:
a)Net Income for October using the cash basis of accounting.
b)Net Income for October using the accrual basis of accounting.

Correct Answer:

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a)Cash Received - Cash Paid = ...

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