The _____ would result in an increase in income under the cash basis but not an - 2055

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Request Description

  The _____ would result in an increase in income under the cash basis but not an increase in income under the accrual basis. 

a.     credit sale of inventory at a sales price in excess of the inventory's cost 

b.     cash collection from a credit customer 

c.     cash sale of inventory at a sales price in excess of the inventory's cost 

d.     return of defective inventory purchased on account to a supplier where a full credit was given 

Solution Description

.     The _____ would result in an increase in income under the cash basis but