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THE ACCOUNTING INFORMATION SYSTEM - DEFINITIONS Provide clear, concise answers for the following. 1. What is the accrual-basis of accounting? 2. What is an accrued

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THE ACCOUNTING INFORMATION SYSTEM - DEFINITIONS Provide clear, concise answers for the following. 1. What is the accrual-basis of accounting? 2. What is an accrued expense? 3. What is accrued revenue? 4. What is a prepaid expense? 5. What is unearned revenue

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