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which of the following statements are true about rushmore company? Rushmore Compary provided semices for $33,000 cash duing Year 1 . Rushmore incurred $24,000 of
which of the following statements are true about rushmore company?
Rushmore Compary provided semices for $33,000 cash duing Year 1 . Rushmore incurred $24,000 of operating expenses on account during Year 1 , and by the end of the year, $9000 of that amount had been paid with cash if these are the only accounting events that affected Rushmore dining Year 1 , whech of the following statements is true? The amount of net loss shown on the income statement is 59,000 The amount of net income shown on the income statement is $9,000 The amoun of net cash flow from operating activities shown on the statement of cash flows is 518,000. The amount of net income shown on the income statement is $15,000 Step by Step Solution
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