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Problem 8, 1-J, special purpose frameworks a) Converting income statement from cash to accrual basis, calculate net income 1) Calculate revenue on the accrual basis
Problem 8, 1-J, special purpose frameworks a) Converting income statement from cash to accrual basis, calculate net income 1) Calculate revenue on the accrual basis 2) Calculate expenses on the accrual basis 3) Calculate net income on the accrual basis b) Converting income statement from accrual to cash basis 1) Calculate revenue using the cash basis 2) Calculate expenses using the cash basis 3) Calculate net income using the cash basis
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