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Which of the following transactions would affect both net income and cash from operating activities by the same amount during the month in which
Which of the following transactions would affect both net income and cash from operating activities by the same amount during the month in which the event takes place? O Receiving $1,000 cash in advance for services to be provided in future months. O Providing services to customers for cash in the amount of $4,900. O Paying $2,000 in advance for the next two months insurance. O Using one month of prepaid rent, $750. O Paying $500 for last month's utility bill.
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