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Mathematics, 06.12.2021 06:50 granthazenp5e9mj
Hardware Suppliers reports net income of $161,000. Included in net income is a gain on the sale of land of $18,000. A comparison of this year’s and last year’s balance sheets reveals an increase in accounts receivable of $31,000, an increase in inventory of $18,000, and a decrease in accounts payable of $51,000.
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