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Question 2 of 10 P Sporer Company reported the following transactions Bought $105,000 of inventory, paying cash Sold inventory that cost $51,000, receiving $165,000
Question 2 of 10 P Sporer Company reported the following transactions Bought $105,000 of inventory, paying cash Sold inventory that cost $51,000, receiving $165,000 cash from the customer Sold inventory that cost $49,000, receiving $105,000 cash from the customer Received a $45,000 prepayment from a customer for services to be provided next year What effect do these transactions have on Sporer Company's Net Income? $ income are positive and decreases in net income are negative. What effect do these transactions have Sporer Company's on Cash? $ positive and decreases in cash are negative. Enter your answer such that increases in net Enter your answer such that increases in cash are
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