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Compared to the Accrual Basis of Accounting, the Cash Basis

Question 93

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Compared to the accrual basis of accounting, the cash basis of accounting overstates income by the net increase during the accounting period of the  Account  Accrued  Receivable  Expences Payable  a)  No  No  b)  No  Yes  c)  Yes  No  d)  Yes  Yes \begin{array} { l l c } & \text { Account } & \text { Accrued } \\&\text { Receivable } & \text { Expences Payable } \\\text { a) } & \text { No } & \text { No } \\\text { b) } & \text { No } & \text { Yes } \\\text { c) } & \text { Yes } & \text { No } \\\text { d) } & \text { Yes } & \text { Yes }\end{array}

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