Under cash-basis accounting,if costs associated with producing revenue in the current year are not paid in cash until the following year,the costs should be expensed in the following year.

Name: Under cash-basis accounting,if costs associated with producing revenue in the current year are not paid in cash until the following year,the costs should be expensed in the following year.
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Under cash-basis accounting, expenses are recorded when they are actually paid, not when they are incurred.

Under Cash-Basis Accounting,if Costs Associated with Producing Revenue in the Current