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Origin Corporation has just ended the calendar year making a sale in the amount of $15,000, but it has yet to

collect a balance of $7,000.The firm paid 50% of the merchandise during the year, which cost $6,000.

required:Calculate the Nets profits based on Accrual Basis and Cash flow basis from this sale

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In accrual basis we record transaction on the basis event occuring irrespective of cash is received or... View the full answer

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