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Guay Corp a start up company provided services that were acceptable to its customers and billed those customers for $350,000 in 2012. However, Guay collected only $280,000 cash in 2012 and the remaining $70,000 of 2012 revenues were collected in 2013. Guay employees earned $200,000 in 2012 wages that we'd not paid until the first week of 2013. How much net income does Guay report for 2012?for 2013 (assuming no new transactions)?
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Gustav Ltd commenced operations on 1 July 2011 and presents its first statement of comprehensive income for the year ending 30 June 2012 and first statement of financial position a
Comprehensive Problem 3 in Appendix B solution
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income tax and its many types
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