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QUESTION 26 Net Income ____ cash because corporations must use the ____ accounting method which means revenue can include ___ and expenses can include ______.
QUESTION 26
Net Income ____ cash because corporations must use the ____ accounting method which means revenue can include ___ and expenses can include ______.
a. | is; cash basis; accounts receivable; prepaid expenses | |
b. | is not; cash basis; cash sales; cash payments | |
c. | is; accrual; notes payable; pro-rated revenue | |
d. | is not; accrual; accounts receivable; unpaid expenses |
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