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Select all that apply Accrual accounting recognizes revenue only when earned recognizes revenue only when cash is collected records expenses when incurred records expenses only
Select all that apply Accrual accounting recognizes revenue only when earned recognizes revenue only when cash is collected records expenses when incurred records expenses only when paid The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31 , Year 1 : What is net income that will be shown on Carolina's Year 1 income statement? Multiple Cholce $1,150 saso $650 52.000
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