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Question 10 (3.4 points)
La More Company had the following transactions during 2013:
Sales of $4,500 on account
Collected $2,000 for services to be performed in 2014
Paid $1,875 cash in salaries for 2013
Purchased airline tickets for $250 in December for a trip to take place in 2014
What is La More's 2013 net income using accrual accounting?
1) $2,875
2) $4,875
3) $4,625
(4) $2,625
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