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. Crue Company had the following transactions during 2013: Sales of $4,500 on account Collected $2,000 for services to be performed in 2014 Paid $1,625
. Crue Company had the following transactions during 2013: Sales of $4,500 on account Collected $2,000 for services to be performed in 2014 Paid $1,625 cash in salaries Purchased airline tickets for $250 in December for a trip to take place in 2014 . . . What is Crue's 2013 net income using cash basis accounting? O $375. 0 $4,625. O $125. 0 $4,875
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
