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Tiger Stripes Art School uses the accrual basis of accounting. The company's operating activities for the month of February are summarized in the following transactions:
Tiger Stripes Art School uses the accrual basis of accounting. The company's operating activities for the month of February are summarized in the following transactions: 1. Provided $1,500 of instructional lessons. 2. Received $2,100 cash from students-of which $1,200 is for lessons provided in February, and $900 is for lessons provided in January 3. Paid January's rental bill of $300. Received February's bill of $450 but did not pay. Determine the company's net income for February. Multiple Choice $750 O $1,800 O $1,050 $900 O
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