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OCBC Bank, in its transition from cash basis to accrual basis accounting, has identified several adjustments impacting its net income. The initial cash basis net
OCBC Bank, in its transition from cash basis to accrual basis accounting, has identified several adjustments impacting its net income. The initial cash basis net income stands at $100,000,000, while the accrual basis adjustments amount to $40,000,000. Calculate OCBC Bank's adjusted net income under the accrual basis accounting method.
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