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ABC prepared cash-basis financial statements for the month ended January 31. A summary of ABC's January activities follows: Credit sales of $5,600. Collections of $1,900
ABC prepared cash-basis financial statements for the month ended January 31. A summary of ABC's January activities follows: Credit sales of $5,600. Collections of $1,900 relating to January credit sales. Accrued salaries of $1,200. By what amount will XYZ's cash-basis income for the month ended January 31 increase as a result of restating these activities to the accrual basis of accounting
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