What is the difference between the income statement and
a. What is the difference between the income statement and balance sheet in regards to timing?
b. What is wrong with this statement: "The clinic's cash balance for 2011 was $150,000 while its net income on December 31, 2011 was $50,000."
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a what is the difference between the income statement and balance sheet in regards to timingb what is wrong with this
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