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Assume That Jing Company Earned $30,000 Cash Revenue and Incurred

Question 60
Multiple Choice

Assume that Jing Company earned $30,000 cash revenue and incurred $19,000 in cash expenses in 2018.Using straight-line depreciation and assuming that the office equipment was sold on December 31,2018 for $16,000,the amount of net income or (loss)appearing on the December 31,2018 income statement would be: A)($6,600). B)$6,600. C)$600. D)$5,400.

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