Indicate the impact on the balance of cash

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Reference no: EM131519735

Question: Consider the following set of transactions occurring during the month of May for Bison Consulting Company. For each transaction, indicate the impact on

(1) the balance of cash,

(2) cash-basis net income, and

(3) accrual-basis net income for May. The first answer is provided as an example.

Reference no: EM131519735

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