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Cascade Company was started on January 1, Year 1, when it acquired$153,000 cash from the owners. During Year 1, the company earnedcash revenues of $96,500

Cascade Company was started on January 1, Year 1, when it acquired$153,000 cash from the owners. During Year 1, the company earnedcash revenues of $96,500 and incurred cash expenses of $60,900. The 2 answers

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