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Question 1: Use the following information to calculate: $600,000 $400,000 $300,000 $400,000 Credit Sales Cash...

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Question 1: Use the following information to calculate: $600,000 $400,000 $300,000 $400,000 Credit Sales Cash Sales Operating Expenses on Credit Cash Operating Expenses Accounts Receivable (Beg, of Year) Accounts Receivable (End of Year) Accounts Payable (Beg. O=of Year) Accounts Payable (End of Year) Corporate Tax Rate A-The company's accounting net income for the year. B-The change in the company's cash balance for the year. $30,000 $70,000 $50,000 $75,000 40%

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