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On December 2 , 2 0 X 1 , P&T pays $ 1 , 0 0 0 to an exterminator for work that will start

On December 2,20X1, P&T pays $1,000 to an exterminator for work that will start in January. If
P&T reports on its income statement $1,000 for exterminating expense for 20X1, it must be using
__________ basis accounting.

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