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Which of the following events would be recorded as an expense in the year under full accrual, and as an expenditure in the year under
Which of the following events would be recorded as an expense in the year under full accrual, and as an expenditure in the year under modified accrual? Payment during the year of $1 million for a new building Payment of $1 million during the year to pay principal on an outstanding long-term loan Depreciation on a building O Payment one week after the end of the fiscal year for salaries earned during that year
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