Multiple Choice
An expense occurred in 2018,and it is not paid until 2019.Using cash-basis 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.
Correct Answer:
Verified
Correct Answer:
Verified
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