Question: Connect Homework [due Day 7] (@) Saved In its first year of operations, Roma Company reports the following . Earned revenues of $52,000 ($44,000 cash

Connect Homework [due Day 7] (@) Saved In its first year of operations, Roma Company reports the following . Earned revenues of $52,000 ($44,000 cash received from customers). . Incurred expenses of $29,000 ($22,700 cash paid toward them). . Prepaid $8,500 cash for costs that will not be expensed until next year Compute the company's first-year net income under both the cash basis and t

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