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The Following Is Selected Information from C Corporation for the Fiscal

Question 112

Multiple Choice

The following is selected information from C Corporation for the fiscal year ending October 31, 2014. The following is selected information from C Corporation for the fiscal year ending October 31, 2014. Based on the accrual basis of accounting, what is C Corporation's net income for the year ending October 31, 2014? A) $102,000 B) $86,000 C) $76,000 D) $110,000 Based on the accrual basis of accounting, what is C Corporation's net income for the year ending October 31, 2014?


A) $102,000
B) $86,000
C) $76,000
D) $110,000

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