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Under cashbasis accounting, cash receipts are treated as ________ and cash payments are treated as ________. A. retained earnings; dividends B. gains; losses C. retained

Under

cashbasis

accounting, cash receipts are treated as ________ and cash payments are treated as ________.

A.

retained earnings; dividends

B.

gains; losses

C.

retained earnings; income

D.

revenues; expenses

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