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Every December Julie Fields, who owns a local floral business, pledges to give $1000 to her local homeless shelter. She sends in her check to
Every December Julie Fields, who owns a local floral business, pledges to give $1000 to her local homeless shelter. She sends in her check to the homeless shelter on January 1st of the New Year. She records the check in December, when she made the pledge to give. Julie is utilizing which type of accounting method? a. Managerial accounting b. Financial accounting c. Accrual accounting d. Cash accounting
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