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c) Determine the fees earned(revenue) and actual net income or loss for Par- Busters in November. (Hint: You can solve this problem either by considering

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c) Determine the fees earned(revenue) and actual net income or loss for Par- Busters in November. (Hint: You can solve this problem either by considering the cash inflows and outflows, by preparing a retained earnings statement and an income statement, or by using transactional analysis.)

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