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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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