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Q#13 Strict Company, a service provider provides all services to customers on account and purchases 100% of its supplies on account from vendor, Stable Company.
Q\#13 Strict Company, a service provider provides all services to customers on account and purchases 100% of its supplies on account from vendor, Stable Company. Strict provides you with the following select account balances all of which are normal: Consider the above account balances. What was Strict Company's net cash inflow during the twelve months ended 12/31/20X from the following 2 items: (i) cash collected from customers, and (ii) cash paid for advertising? A. $4,174,000 B. $4,250,000 C. $4,246,000 D. $4,210,000 E. $4,206,000 Q\#14 Utilize the Q\#13 facts, what was the net cash outflow during the twelve months ended 12/31/20X9 from the following 2 items: (i) cash paid for rent, and (ii) cash paid for salaries? A. $1,146,600 B. $1,111,600 C. $1,146,100 D. $1,111,100 E. $1,182,100
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