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30.During 2018, a company makes credit sales of $800 000, of which $300 000 is collected at year-end. It pays $120 000 in expenses and

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30.During 2018, a company makes credit sales of $800 000, of which $300 000 is collected at year-end. It pays $120 000 in expenses and owes $30 000 for electricity used during 2018. What would the profit be if cash accounting rather than accrual accounting were used

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