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Your examination of the records of a company that follows the cash basis of accounting tells you that the company's reported cash-basis earnings in 2025
Your examination of the records of a company that follows the cash basis of accounting tells you that the company's reported cash-basis earnings in 2025 are $38,600. If this firm had followed accrual-basis accounting practices, it would have reported the following year-end balances. Determine the company's net earnings on an accrual basis for 2025
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