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The Following Is Selected Information from Alpha-Beta-Gamma Corporation for the Fiscal

Question 3

Multiple Choice

The following is selected information from Alpha-Beta-Gamma Corporation for the fiscal year ending October 31, 2010. The following is selected information from Alpha-Beta-Gamma Corporation for the fiscal year ending October 31, 2010. Based on the accrual basis of accounting, what is Alpha-Beta-Gamma Corporation's net income for the year ending October 31, 2010? A) $114,000 B) $134,000 C) $82,000 D) $150,000 Based on the accrual basis of accounting, what is Alpha-Beta-Gamma Corporation's net income for the year ending October 31, 2010?


A) $114,000
B) $134,000
C) $82,000
D) $150,000

Correct Answer:

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