Question
An expense occurred in 2013 but it is not paid until 2014. Using the accrual basis of accounting the expense should appear on: A. the
An expense occurred in 2013 but it is not paid until 2014. Using the accrual basis of accounting the expense should appear on:
A. the 2013 income statement
B. the 2014 income statement
C. neither the 2013 nor the 2014 income statement
D. both the 2013 and 2014 income statements
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Valuation The Art and Science of Corporate Investment Decisions
Authors: Sheridan Titman, John D. Martin
3rd edition
133479528, 978-0133479522
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