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What are the balances for net income

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During 20x7, plateau sales earned revenues of $590,000 on account. Pleateau collected $610,000 from customers during the year. Expenses totaled $450,000 and the related cash payments were $460,000.

Problem 1: Under accrual accounting, what are the balances for: (a) revenue, (b)expenses, and (c) net income?

Reference no: EM132620975

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