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  3. employees worked and they were paid $40,000 cash.

Employees worked and they were paid $40,000 cash. Employees worked, earning $12,000 of pay, and...

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Accounting

Employees worked and they were paid $40,000 cash.

Employees worked, earning $12,000 of pay, and they will be paid later.

Revenues are $100,000.

What is the amount of net income, based on these 3 facts?

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