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2) Case Study: Ronaldo believes revenues from credit sales may be earned before they are collected in cash. As an accountant, write a letter to

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2) Case Study: Ronaldo believes revenues from credit sales may be earned before they are collected in cash. As an accountant, write a letter to Ronaldo explaining that His believe is not correct when he adopt the cash basis of accounting. 3) Question: Explain the cash-basis accounting. Give example

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