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An expense occurred in 2018, and it is not paid until 2019. Using cash-basis accounting, the expense should appear on: the 2018 income statement. whichever
An expense occurred in 2018, and it is not paid until 2019. Using cash-basis accounting, the expense should appear on:
the 2018 income statement. |
whichever income statement the business prefers. |
the 2019 income statement. |
both the 2018 and 2019 income statements. |
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