Question: What is wrong with this statement: The clinic's cash balance for 2012 was $150,000, while its net income on December 31, 2012, was $50,000

What is wrong with this statement: "The clinic's cash balance for

What is wrong with this statement: "The clinic's cash balance for 2012 was $150,000, while its net income on December 31, 2012, was $50,000

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