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Question If3, (25 marks) Penultimate. Corporation uses cash basis accountinf. You are to conwert its cash basis I/S to accrual basis. You are provided with

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Question If3, (25 marks) Penultimate. Corporation uses cash basis accountinf. You are to conwert its cash basis I/S to accrual basis. You are provided with the following summarized data for 2016,2017 , and 2018. Required: Prepare abbreviated income statements for the years 2016 and 2017 using: a, Cash babls accounting ( 10 marka) b. Accrual basis accounting (15 marka)

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