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Stuart Company began operations on January 1, year 1, by issuing common stock for $34,000 cash. During year 1, Stuart received $54,100 cash from revenue

Stuart Company began operations on January 1, year 1, by issuing common stock for $34,000 cash. During year 1, Stuart received $54,100 cash from revenue and incurred costs that required $38,100 of cash payments

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