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Goods and services provided to customers during the period = $70,000 . Cash received from customers during the period = $50,000 . Goods and services

Goods and services provided to customers during the period = $70,000 . Cash received from customers during the period = $50,000 . Goods and services received from employees and suppliers during the period = $30,000 . Cash paid to employees and suppliers during the period = $20,000 Calculate cash basis net income

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