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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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