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Question 3 0.5 pts The following is information from a certain corporation's financial records for the current fiscal year. i. Cash received from customers, $310,000
Question 3 0.5 pts The following is information from a certain corporation's financial records for the current fiscal year. i. Cash received from customers, $310,000 ii. Revenue earned, $330,000 iii. Cash paid for wages, $140,000 iv. Wages incurred, $125,000 Cash received from shareholders for additional shares of stock, $10,000 What is the company's net income for the current year using the accrual basis of accounting? V. $170,000 $205,000 $180,000 $225,000 $190,000
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