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Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific citation for...

Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific citation for each of the following items: 4. The specific seven-digit Codification citation (XXX-XX-XX) for the subsequent measurement of asset retirement obligations. 5. The specific seven-digit Codification citation (XXX-XX-XX) for the recognition of stock compensation.

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $290,000; Cash paid for rent, $30,000; Cash paid to employees for services rendered during the year, $110,000; Cash paid for utilities, $40,000.

In addition, you determine that customers owed the company $50,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,000 at year-end, and the rent payment was for a two-year period.

Calculate accrual net income for the year.
  

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