A critic said that the company had $25,000 cash at the beginning of March and $25,000 at

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A critic said that the company had $25,000 cash at the beginning of March and $25,000 at the end of March, and since its cash balance was unchanged, it couldn’t be said to have any income in March. This criticism is [correct / incorrect].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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