Multiple Choice
_____ would result in an increase in net income under the accrual basis, but not an increase in net income under the cash basis.
A) The sale of inventory on account at a sales price in excess of cost
B) Cash collection from a credit customer
C) The cash sale of inventory at a sales price in excess of cost
D) The expiration of prepaid rent
Correct Answer:

Verified
Correct Answer:
Verified
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