During 2014, a company provided services for cash of $21,000 and services on credit of...
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Accounting
During 2014, a company provided services for cash of $21,000 and services on credit of $15,000. The company collected accounts receivable of $8,000 and incurred operating expenses of $22,700, $14,000 of which were paid during the year. The amount of net income (loss) for the year is:
(A) 6,300
(B) 1,700
(C) 13,300
(D) 22,700
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