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Listed below are several transactions that took place during the second and third years of operations for the ABC Company. In addition, you learn that

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Listed below are several transactions that took place during the second and third years of operations for the ABC Company. In addition, you learn that there were no anticipated bad debts on receivables, and the rent payment was for a two-year perios and year 3 . Required: 1. Calculate the net operating cash flow for years 2 and 3. 2. Prepare an income statement for each year according to the accrual accounting method

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