Accrual Basis of Accounting versus Cash Basis of Accounting On December 31, Greg Jones completed his first year as a financial planner. The following data are available from a. Compute Greg's net income for the year just ended using the accrual basis of accounting. b. Compute Greg's net income for the year just ended using the cash basis of accounting. c. Which net income amount is computed in accordance with generally accepted accounting principles? Omitted Financial Statement Data For the following four unrelated situations, A through D, calculate the unknown amounts appearing in each colt You have correctly selected 1