Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as...
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Accounting
Cash flows during the first year of operations for the HarmanKardon Consulting Company were as follows: Cash collected from customers, $; Cash paid for rent, $; Cash paid to employees for services rendered during the year, $; Cash paid for utilities, $
In addition, you determine that customers owed the company $ at the end of the year, and no bad debts were anticipated. the company owed the gas and electric company $ at yearend, and the rent payment was for a twoyear period.
Calculate accrual net income for the year.
Net income
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