The Great Recession was different from other recessions since World War II in that: Group of answer choices real gross domestic product (GDP) initially declined and then recovered sometime later. the rate of inflation did not change at all. the rate of unemployment increased and then decreased at a later time. the increase in unemployment was much greater and lasted longer.

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.