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Acme Corp. reports the following balances at the end of 2020: Cash Accounts Prepaid Receivable Equipment Rent $71,594 $54,347 S-?- Wages Payable $1,856 Notes Common
Acme Corp. reports the following balances at the end of 2020: Cash Accounts Prepaid Receivable Equipment Rent $71,594 $54,347 S-?- Wages Payable $1,856 Notes Common Payable Stock $100,780 $75,000 Retained Earnings $56,899 $98,912 What should be reported as the value for prepaid rent? Selected Answer: 57,818 Given the following information, what is this month's Cash Flow from Operations? The company paid $7,279 for a 6-month insurance policy. The company paid $36,965 for a new truck. The company paid $53,370 for salaries this month. The company received $45,862 for services provided to customers who paid cash. The company received $60,176 for services provided to customers last month who had paid on account The company performed $88,564 worth of services to customers who paid on account. Selected Answer: $96,988
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