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Use bullet points to outline the adjustments required to transition the cash basis accounting records of Singtel to accrual basis for financial statement preparation. Subsequently,
Use bullet points to outline the adjustments required to transition the cash basis accounting records of Singtel to accrual basis for financial statement preparation. Subsequently, provide numerical examples to illustrate the impact of these adjustments on net income. Initial cash basis net income is $800,000 with accrual basis adjustments totaling $100,000.
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