Q3-47. If Kelly Company uses the cash basis of accounting instead of the accrual basis, in which

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Q3-47. If Kelly Company uses the cash basis of accounting instead of the accrual basis, in which month will it report revenue and in which month will it report expense?

Revenue Expense

a. February February

b. March April

c. February April

d. March February

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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Question Posted: Jul 25, 2024 09:01 AM

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Q3-47. If Kelly Company uses the cash basis of accounting instead of the accrual basis, in which

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Financial Accounting International Financial Reporting Standards Global Edition

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