Question: 4 . 1 b . What is wrong with the following statement? The clinic's cash balance for 2 0 2 0 was $ 1 5

4.1b. What is wrong with the following statement? "The clinic's cash balance for 2020 was
$150,000, while its net income on December 31,2020, was $50,0cyO."
Ans:
4.1b. What is wrong with the following statement? "The clinic's cash

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