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What is the accrual net income amount

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Question - A company managed to collect $290,000 in cash flow during a year. The company paid $30,000 rent, $110,000 as salary for the year. They paid $40,000 in utilities. The company had an A/R of 50,000 for the year, and the collectible rate is 100%. They had a $1,000 electricity bill for the year, and the rent they paid was for 2 years. What is the accrual net income amount?

Reference no: EM132856984

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