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Consider the following transactions for huskies insurance company: equipment costing $42,000 is purchased at the beginning of the year for cash. depreciation on the equipment is $7,000 per year. on june 30, the company lends its chief financial officer $50,000; principal and interest at 7% are due in one year. on october 1, the company receives $16,000 from a customer for a one-year property insurance policy. deferred revenue is credited. required: indicate by how much net income in the income statement is higher or lower if the adjustment is not recorded.
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Business, 22.06.2019 19:40, QueenNerdy889
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