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Business, 17.09.2019 21:00 lilpeepxliltracy

For 2016, rwc earned revenues totaling $250,000. of that $250,000, $200,000 was collected immediately. in addition, the $20,000 left as accounts receivable from 2015 was collected as well. accrued expenses throughout 2016 totaled to $190,000 and total cash paid for expenses and other items was $170,000. what would company report on their income statement for net income under accrual accounting?

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For 2016, rwc earned revenues totaling $250,000. of that $250,000, $200,000 was collected immediatel...
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