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Question: Your examination of the records of a company that follows the cash basis of accounting tells you that the company's reported cash-basis earnings in 2017 are $33,640. If this firm had followed accrual-basis accounting practices, it would have reported the following year-end balances.

Instructions: Determine the company's net earnings on an accrual basis for 2017. Show all your calculations in an orderly fashion.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92652293

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