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The document provides information to convert the income statement of Cagayan Corporation from a cash basis to an accrual basis for the year ended December 31, 2010. It includes income and expense line items from the cash basis income statement along with account balances from the statements of financial position as of December 31, 2009 and 2010 that are needed to make adjusting entries. The question asks how much is the net income under the accrual basis of accounting.

Author

Princes

Language

EN