Question: Smith Barnes Designers uses a sophisticated art program for its design work. Suppose the company paid $5,000 for a computer. Describe how the company would

Smith Barnes Designers uses a sophisticated art program for its design work. Suppose the company paid $5,000 for a computer. Describe how the company would account for the $5,000 expenditure under
(a) The cash basis
(b) The accrual basis. State in your own words why the accrual basis is more realistic for this situation.

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