Show how each transaction would be handled (in terms of recognizing re


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Show how each transaction would be handled (in terms of recognizing revenues and expenses) using the cash basis and the accrual basis. -Compute October income (loss) before tax under each accounting method. -Indicate which measure of net income or net

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Show how each transaction would be handled (in terms of recognizing
revenues and expenses) using the cash basis and the accrual basis.
-Compute October income (loss) before tax under each accounting method.
-Indicate which measure of net income or net loss is preferable. Use the transactions on October 11 and October 24 to explain.

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