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If the business were to over-report Rent Expenses by $5,000 what would this do to the Net Income figure? (Ctrl)- FASTFORWARD Income Statement For Month
If the business were to over-report Rent Expenses by $5,000 what would this do to the Net Income figure? (Ctrl)- FASTFORWARD Income Statement For Month Ended December 31, 2018 Revenues Consulting revenue ($4,200 + $1,600) Rental revenue Total revenues Expenses Rent expense Salaries expense Total expenses Net income $5,800 300 $6,100 $1,000 700 1.700 $4.400 Slgie
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