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Net Income ____ cash because corporations must use the ____ accounting method which means revenue can include ___ and expenses can include ______.

a. is; cash basis; accounts receivable; prepaid expenses

b. is not; cash basis; cash sales; cash payments

c. is; accrual; notes payable; pro-rated revenue

d. is not; accrual; accounts receivable; unpaid expenses

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91549144

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