Listen The following is selected information from Contreras Corporation for the fiscal year ending January 31,...
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Listen The following is selected information from Contreras Corporation for the fiscal year ending January 31, 2023. Cash received from customers Revenue earned Cash paid for new equipment Expenses incurred Cash received from a bank loan $330,000 400,000 80,000 280,000 50,000 4 Based on the accrual basis of accounting, what is Contreras Corporation's net income for the year ending January 31, 2023? $50,000 $120,000 $330,000 $450,000 Listen The following is selected information from Contreras Corporation for the fiscal year ending January 31, 2023. Cash received from customers Revenue earned Cash paid for new equipment Expenses incurred Cash received from a bank loan $330,000 400,000 80,000 280,000 50,000 4 Based on the accrual basis of accounting, what is Contreras Corporation's net income for the year ending January 31, 2023? $50,000 $120,000 $330,000 $450,000
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Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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