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Business, 27.02.2020 17:44 malachijwilson5

Wasley Corp., a start-up company, provided services that were acceptable to its customers and billed those customers for $350,000 in 2012. However, Wasley collected only $280,000 cash in 2012, and the remaining $70,000 was collected in 2013. Wasley employees earned $225,000 in 2012 wages that were not paid until the first week of 2013. How much net income does Wasley report for 2012?

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