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18-03-2022
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Meadows manufacturing follows the accrual basis. An accrual results when ____________ and a deferral results when.

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18-03-2022

Answer:

Meadows manufacturing follows the accrual basis. An accrual results when $6,000 cash is received after a customer has been billed and a deferral results when $4,500 cash is paid for next quarter's insurance for property.

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