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Rochdale & Co. sold six computer tables in January. All six customers wrote them checks...

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Accounting

Rochdale & Co. sold six computer tables in January. All six customers wrote them checks for their purchases. The company recorded the six sales as February transactions, even though they were paid for in January, because the checks were only cleared on February 25th. This implies that the firm uses a(n) _____ accounting system.

lean

cash-based

managerial

accrual

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