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Please circle to indicate your answer to the following questions: In an accrual the cash event takes place before or after the income statement event?
Please circle to indicate your answer to the following questions:
- In an accrual the cash event takes place before or after the income statement event?
- In a deferral the cash event takes place before or after the income statement event?
- Give an example of a deferred asset.
- Give an example of a deferred liability.
- Give an example of an accrued asset.
- Give an example of an accrued liability.
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