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On December 31, 2023, Vivid Corporation prepared adjusting entries that included the following items: Depreciation expense: $37,000. Accrued sales revenue: $35,000. Accrued expenses: $16,000.
On December 31, 2023, Vivid Corporation prepared adjusting entries that included the following items: Depreciation expense: $37,000. Accrued sales revenue: $35,000. Accrued expenses: $16,000. Used insurance: $9,000; the insurance was initially recorded as prepaid. Rent revenue earned: $7,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. If Vivid Corporation reported pretax income of $290,000 prior to the adjusting entries, how much is Vivid's pretax income after the adjusting entries? O Multiple Choice $296,000 $270,000 $272,000 $279,000
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