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Which of the following outflows would be recorded the same way under both modified accrual and full accrual? (By the same, I mean that one
Which of the following outflows would be recorded the same way under both modified accrual and full accrual? (By "the same", I mean that one would record the same amount as an expenditure that the other records as an expense.) Payment of $1 million for a new building Payment one week after the end of the fiscal year for salaries earned during that year. Depreciation on a building Payment of $1 million to pay principal on an outstanding long-term loan
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