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X Company is a service company and prepares monthly financial statements. In April, it billed customers $405,000 for services it provided; in May, it billed
X Company is a service company and prepares monthly financial statements. In April, it billed customers $405,000 for services it provided; in May, it billed customers $357,000 for services it provided. In May, the company received $284,000 from its April customers and $253,000 from its May customers. Which of the following amounts will appear on X Company's May Income Statement and Statement of Cash Flows? O Income Statement, $537,000; Statement of Cash Flows, $762,000 O both statements, $357,000 O Income Statement, $357,000; Statement of Cash Flows, $537,000 O both statements, $253,000 O Income Statement, $762,000; Statement of Cash Flows, $537,000 O Income Statement, $537,000; Statement of Cash Flows, $357,000 Submit Answer Tries 0/99
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