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Question 1 (25 points) The following information is related to Alpha Company's fiscal year 2017. Income Statement: S300,000 50,000 5,000 500 Balance Sheet 12/31/17: Increase
Question 1 (25 points) The following information is related to Alpha Company's fiscal year 2017. Income Statement: S300,000 50,000 5,000 500 Balance Sheet 12/31/17: Increase (Decrease) ($4,000) Net Income Depreciation Expense Gain on Sale of Plant Assets Interest Expense Accounts Payable Plant Assets Purchased 250,000 Plant Assets - Disposals (100,000)
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