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What was the company net income

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Question - Wasley Corp., a startup company, provided services to its customers and billed those customers for $350,000 in 2017. However, Wasely collected only $280,000 in cash in 2017 and the remaining $70,000 was collected in 2018. The company's employees earned $200,000 in 2017 wages that were not paid until the first week in 2018. What was the company's net income for 2017?

a. $0

b. $70,000

c. $150,000

d. $350,000

e. $200,000

Reference no: EM133124619

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