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Company sold inventory $250,000 to customer in 2021, cost to complete the products $10,000. Customer will pay next year 2022 Instruction: Please use cash basis

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Company sold inventory $250,000 to customer in 2021, cost to complete the products $10,000. Customer will pay next year 2022 Instruction: Please use cash basis and accrual to define the difference on both statements below: [1] CASH BASIS 2021 2022 Cash Expenses Total [2] ACCRUAL BASIS 2021 2022 Cash Expenses Total

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