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A lawn care company started business on January 1, 2012. The company billed clients $105,000 for lawn care services completed in 2012. By December 31, the company had received $84,000 cash from customers, with the $21,000 balance expected to be collected in 2013. During 2012, the company paid $68,000 cash for various expenses. At December 31, the company still owed $41,000 for additional expenses incurred that have not yet been paid in cash. These expenses will be paid during January 2013.How much income (or loss) should the company report for 2012? Note: The company computes income using cash-basis accounting.
Can you do the attached quections by Monday?
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I am working on the comprehensive probelm and I can not figure out the trial balance. Where am I going wrong?
The Schrödinger Science Store operates a retail store in a local shopping mall.The results of operations for the fourth quarter of 2011 are as follows: Sales
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what if 50% of customers who switch from pisa pizza who switch from original pizza to healthier pizza then switch to another brand from healthier pizza.
Assume that you are the president of Gaslight company. At the end of the year (December 31, 2011 of operation.
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