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- A company provides $120,000 of services during the year of which $100,000 were received in cash. The company's employees earned $70,000 in wages, but
- A company provides $120,000 of services during the year of which $100,000 were received in cash. The company's employees earned $70,000 in wages, but due to the way payroll is determined, they were only paid $55,000 during the period. -What is the accrual-based income? - What is the cash-based income
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