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Determine Top Notch ' s net income for each month from January through March under both the cash and the accrual bases of accounting. Explain
Determine Top Notchs net income for each month from January through March under both the cash and the accrual bases of accounting. Explain any difference in total net income under cash versus accrual accounting for the three months.
Expense Recognition
Month Cash Basis Accrual Basis
January
February
March
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
