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Problem 1: The cash account and the December bank statement of Gomez Company showed the following: deposits made by Gomez Company during December $100,000; deposits reflected on the December bank statement, $96,000; and deposits in transit on November 30, $7,000. What was the amount of deposits in transit at the end of December?
Option 1: $11,000.
Option 2: $7,000.
Option 3: $4,000.
Option 4: $14,000.
at the beginning of 2012 annie inc. has a deferred tax asset of 7500 and deferred tax liability of 10500. in 2012
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