during the month, bavarian auto co. received $365,300 in cash and paid out $308,300 in...
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Accounting
During the month, Bavarian Auto Co. received $365,300 in cash and paid out $308,300 in cash. a. Does this information indicate that Bavarian Auto Co. had net income of $57,000 during the month? No Net income is the net change in all assets and liabilities from operating (revenue and expense) transactions. b. If the balance of the cash account is $82,550 at the end of the month, what was the cash balance at the beginning of the month
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