would result in a decrease in income under both the accrual and cash basis.
A) The payment of this period's rent
B) The recognition of last period's rent
C) The cash purchase of inventory
D) The payment of next period's rent

Question

Quizplus · Accepted Answer

Paying this period's rent decreases income under both accrual (as an expense is recognized) and cash basis (as cash outflow occurs).

Would Result in a Decrease in Income Under Both the Accrual