Business, 27.09.2019 03:00, crosales102

At the time the transaction occurred, which of the following would result in an increase in net income under the accrual basis of accounting, but would not result in an increase in net income under cash basis accounting?
a. performance of services on account
b. receipt of cash for services that were performed earlier on account
c. use of supplies purchased earlier
d. purchase of supplies for cash

Answers: 3

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At the time the transaction occurred, which of the following would result in an increase in net inco...