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Sparticus Corporation has provided the following information for its most recent year: Revenues earned were $84,000, of which $6,000 were uncollected at the end of
Sparticus Corporation has provided the following information for its most recent year:
Revenues earned were $84,000, of which $6,000 were uncollected at the end of the year.
- Operating expenses incurred were $37,000, of which $6,000 were unpaid at the end of the year.
- Dividends declared were $19,000, of which $4,000 were unpaid at the end of the year.
- Income tax expense incurred and paid was $16,450
The amount of accrual-based net income reported on the company's income statement is $?
Sparticus Corporation has provided the following information for its most recent year:
Revenues earned were $84,000, of which $6,000 were uncollected at the end of the year.
- Operating expenses incurred were $37,000, of which $6,000 were unpaid at the end of the year.
- Dividends declared were $19,000, of which $4,000 were unpaid at the end of the year.
- Income tax expense incurred and paid was $16,450
The amount of accrual-based net income reported on the company's income statement is $?
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