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Prepare the december balance sheet for chung corporation

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Reference no: EM132938009

During 2018, Chung Corporation earned $6,900 of cash revenue and accrued $3,800 of salaries expense.

Question 1: Prepare the December 31, 2018, balance sheet.

Question 2: Determine the amount of net income that Chung would report on the 2018 income statement.

Question 3: Determine the amount of net cash flow from operating activities that Chung would report on the 2018 statement of cash flows.

Reference no: EM132938009

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