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On November 1, 20X0, Alexi Inc. receives $1,800 in rental payments for November, December, and January. How much revenue is reported on the income statement
On November 1, 20X0, Alexi Inc. receives $1,800 in rental payments for November, December, and January. How much revenue is reported on the income statement for 20X0 under the cash basis versus the accrual basis?
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