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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
Accrualbasis net income exceeds cashbasis net income.
Accrualbasis revenues exceed cash collections from customers.
Accrualbasis net income is less than cashbasis net income.
Accrualbasis revenues are less than cash collections from customers.
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