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Author Question: Munoz Co prepays cash in October for insurance that covers only the month of November. Munoz Co ... (Read 66 times)

jayhills49

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on: Jul 6, 2018
Munoz Co prepays cash in October for insurance that covers only the month of November. Munoz Co records the expense in October. Which method of accounting is Munoz Co using?
 a. accrual basis of accounting
   b. cash basis of accounting
   c. hybrid basis of accounting
   d. consolidated basis of accounting

Question 2

Digital evidence can be time sensitive, because some data are intended for only temporary storage and may be overwritten on a regular basis.
 
  Indicate whether the statement is true or false


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rleezy04

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Reply #1 on: Jul 6, 2018
Answer to Question 1

b

Answer to Question 2

TRUE


jayhills49

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

xiaomengxian

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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