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Assume that Jing Company earned $23,800 cash revenue and incurred $15,000 in cash...

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Accounting

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Assume that Jing Company earned $23,800 cash revenue and incurred $15,000 in cash expenses in 2018 Using straight-line depreclation and assuming that the office equipment was sold on December 31, 2018 for $9,700, the amount of net income or (loss) appearing on the December 31, 2018 income statement would be: O , ($2,140) O $5,320. O $2.540 O $5,460 Assume that Jing Company earned $23,800 cash revenue and incurred $15,000 in cash expenses in 2018 Using straight-line depreclation and assuming that the office equipment was sold on December 31, 2018 for $9,700, the amount of net income or (loss) appearing on the December 31, 2018 income statement would be: O , ($2,140) O $5,320. O $2.540 O $5,460

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