QUESTION 19 On December 31, 2020, CC. Company prepared adjusting entries that included the following...
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Accounting
QUESTION 19 On December 31, 2020, CC. Company prepared adjusting entries that included the following items: Depreciation expense: $1,000. Accrued liability: $20,000. Used insurance: $6,000, the insurance was initially recorded as prepaid expense. Account receivable: $38,000. Rent revenue earned: $3,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. If CC. Company reported pretax income of $115,000 prior to the adjusting entries, how much is CC. Company pretax income after the adjusting entries? a $93.000 $104,000 c. $129.000 $106,000. Od
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