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La More Company had the following transactions during 2021:
-Sales of $9,000 on account
-Collected $4,000 for services to be performed in 2022
-Paid $3,750 cash in salaries for 2021
-Purchased airline tickets for $500 in December for a trip to take place in 2022
What is La More's 2021 net income using accrual accounting?
Downsizing
The process of reducing the number of employees within an organization, often to cut costs or improve efficiency.
Transitional Change
A period or process of moving from one state, stage, or condition to another, often involving significant shifts in operations or strategy.
Implementing
The process of putting a decision or plan into effect; execution.
Basic Problem Solving
The process of identifying a problem, determining the cause, and finding an effective solution through a series of steps.
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