Business, 10.03.2020 04:30, jimissac68

Molly's Auto Detailers maintains its records on the cash basis. During 2021, Molly's collected $72,800 from customers and paid $19,100 in expenses. Depreciation expense of $4,300 would have been recorded on the accrual basis. Over the course of the year, accounts receivable increased $4,700, prepaid expenses decreased $1,500, and accrued liabilities decreased $2,300. Molly's accrual-basis net income was: Multiple Choice $50,300. $43,900. $54,900. $96,200. Next Visit question mapQuestion 9 of 15 Total9 of 15 Prev

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Molly's Auto Detailers maintains its records on the cash basis. During 2021, Molly's collected $72,8...