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Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $ 4 4 , 0 0 0 in
Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $ in tailoring fees, and paid $ in expenses. Depreciation expense totaled $ Accounts receivable increased $ supplies increased $ and accrued liabilities increased $ Pat's accrualbasis net income was:
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