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Question - La More Company had the following transactions during 2016:

  • Sales of $9,000 on account
  • Collected $4,000 for services to be performed in 2017
  • Paid $3,750 cash in salaries for 2016
  • Purchased airline tickets for $500 in December for a trip to take place in 2017

What is La More's 2016 net income using accrual accounting?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92488557
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