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X Company is a service company and prepares monthly financial statements. In March, it billed customers $407,000 for services it provided; in April, it billed
X Company is a service company and prepares monthly financial statements. In March, it billed customers $407,000 for services it provided; in April, it billed customers $366,000 for services it provided. In April, the company received $286,000 from its March customers and $266,000 from its April customers. Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows? Income Statement, $552,000; Statement of Cash Flows, $366,000 O both statements, $366,000 both statements, $266,000 Income Statement, $552,000; Statement of Cash Flows, $773,000 Income Statement, $366,000; Statement of Cash Flows, $552,000 O Income Statement, $773,000; Statement of Cash Flows, $552,000 Submit Answer Tries 0/99
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