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What is zipp inc net income on a cash basis

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Question - Zipp Inc. records revenue of $92,000 and expense of $78,000, all on the cash basis. Net income on the accrual basis is $5,500 and expense is $83,000. What is Zipp Inc.'s net income on a cash basis?

A. $14,000

B. $8500

C. $5500

D. Can't tell from information

Reference no: EM132170201

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