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If the ending balance of a deferred revenve account is less than its balance at the beginning of the accounting period: Multiple Choice Accrual -

If the ending balance of a deferred revenve account is less than its balance at the beginning of the accounting period:
Multiple Choice
Accrual-basis net income exceeds cash-basis net income.
Accrual-basis revenues exceed cash collections from customers.
Accrual-basis net income is less than cash-basis net income.
Accrual-basis revenues are less than cash collections from customers.
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