Business, 17.12.2019 00:31, ohgeezy

Gutierrez company reported net income of $194,800 for 2020. gutierrez also reported depreciation expense of $47,700 and a loss of $5,900 on the disposal of plant assets. the comparative balance sheet shows a decrease in accounts receivable of $16,700 for the year, a $18,700 increase in accounts payable, and a $3,000 decrease in prepaid expenses.

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Gutierrez company reported net income of $194,800 for 2020. gutierrez also reported depreciation exp...