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Timmy Co. wants to convert its 208 financial statements from the accrual basis of accounting...

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Accounting

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Timmy Co. wants to convert its 208 financial statements from the accrual basis of accounting to the cash basis. Supplies inventory increased and office salaries payable decreased between January 1, 20x8, and December 31, 20x8. To obtain 20x8 cash basis net income, should these changes be added to or deducted from accrual basis net income

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