Which of the following circumstances would result in an increase in income under cash basis accounting but would not result in an increase in income under accrual basis accounting? The expiration of deferred revenue. The recognition of prepaid expense. The expiration of prepaid expense. Theyrecognition of deferred revenue. What is the amount of non-current assets? $600,000$360,000$500,000$470,000 On November 8, 2019, Bison Ltd. sold Asper Co. products for $5,000 on credit and the products had cost Bison $1,600. The expected return rate is 7%. On December 29, 2019, Asper returned products worth $300 to Bison and the returned products had a cost of $96 and are still in saleable condition. What is the balance of Refund Liability for Bison as of November 8,2019 ? $350 on debit. $50 on debit. $350 on credit. $50 on credit