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Rubino Company reported net income of USD 100,000 for the current year. Examination of the...

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Accounting

Rubino Company reported net income of USD 100,000 for the current year. Examination of the work sheet and supporting data indicates that the following items were ignored: Accrued salaries were USD 6,000 at December 31. Depreciation on equipment acquired on July 1 amounted to USD 4,000. Based on this information, (a) what is the correct net income? Show Process (Formula)

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