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Logan Co. wants to convert its 20X4 financial statements from the cash basis of accounting to the accrual basis. Supplies inventory decreased and office salaries
Logan Co. wants to convert its 20X4 financial statements from the cash basis of accounting to the accrual basis. Supplies inventory decreased and office salaries payable increased between January 1, 20X4, and December 31, 20X4. To obtain 20X4 accrual basis net income, should these decreases be added to or deducted from cash basis net income
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