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How would I solve these? Carillo Industries collected $104,000 from customers in 2017. of the amount collected, $24,300 was for services performed in 2016. In
How would I solve these? Carillo Industries collected $104,000 from customers in 2017. of the amount collected, $24,300 was for services performed in 2016. In addition, Carillo performed services worth $40,300 in 2017, which will not be collected until 2018. expenses in 2017, which will not be paid until 2018. (a) Compute 2017 cash-basis net income Cash-basis net income s (b) Compute 2017 accrual-basis net income. Accrual-basis net income Carill Industries also paid $71,80o for expenses in 2017. Of the amount paid, $30,500 was for expenses incurred on account in 2016. In addition, Catillo incured $41,800 of
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