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An Expense Occurred in 2018,but It Is Not Paid Until

Question 40

Multiple Choice

An expense occurred in 2018,but it is not paid until 2019.Using accrual accounting,the expense should appear on:


A) the 2018 income statement.
B) the 2019 income statement.
C) whichever income statement the business prefers.
D) both the 2018 and 2019 income statements.

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