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Question 32 (1 point) The Matisse Co. received the telephone bill in April that will be paid in May. Which statement is true? 1) Under accrual basis accounting an expense will be reported in April. 2) Under accrual basis accounting an expense will be reported in May. 3) Under accrual basis accounting an expense will be reported in June. 4) Under accrual basis accounting an expense will be reported in March. 5) No journal would be prepared until May