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Business, 22.02.2022 19:20 19thomasar

Accruix, Inc. uses accrual basis accounting. Its balance sheets reported Accounts Receivable of $5,000 at the end of its first year of business. Its income statement reported Sales Revenue of $100,000 for its first year. What would Accruix's revenues have been if it had used cash basis accounting

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Accruix, Inc. uses accrual basis accounting. Its balance sheets reported Accounts Receivable of $5,0...
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