After adjustments at March 31, 20Y2, the end of the first full year of operations, the revenues were $598,000 and expenses were $480,000, for a net income of $118,000. The drawing accounts have debit balances of $40,000 (Lang) and $30,000 (Capri).
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The three phases involved in the management of large projects are A. scheduling, designing, and operating. B. planning, scheduling, and evaluating. C. planning, scheduling, and controlling. D. scheduling, operating, and evaluating.
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