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The Following Data Are Taken from the Cash-Basis Accounting Records

Question 150

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The following data are taken from the cash-basis accounting records of Myerson Company for the year ended December 31,2015:
The following data are taken from the cash-basis accounting records of Myerson Company for the year ended December 31,2015: Calculate the amount of revenues and expenses for 2015 under accrual-basis accounting. Calculate the amount of revenues and expenses for 2015 under accrual-basis accounting.

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Accrual-basis revenues = $400,...

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