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In the period 2011, Lott Inc. performed services for $120,000and billed its customers. The company subsequently collected$82,000 of the amount billed. Lott incurred $75,000 of

In the period 2011, Lott Inc. performed services for $120,000and billed its customers. The company subsequently collected$82,000 of the amount billed. Lott incurred $75,000 of operatingexpenses but 2 answers

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