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In December 31 20X2, a business received a utilities bill for the month of December. The payment is not due until January 15, 20X3. The
In December 31 20X2, a business received a utilities bill for the month of December. The payment is not due until January 15, 20X3. The company paid the amount due in January 20X3 and recorded the expenses for the 2023 fiscal period. Which method of accounting is the business using
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