At the time the transaction occurred, which of the following would result in an increase in net income under the accrual basis of accounting, but would not result in an increase in net income under cash basis accounting?

performance of services on account

Explanation:

As we know that according to the accrual basis of accounting, the transactions are recorded when the revenue is earned and the expenses are incurred. Moreover, it also meets the matching principle that refers that the expenses should be met with the revenues for the same period

So, by considering the service performed on account it causes an increase in net income under the accrual basis but it does not result in an increase in net income under cash accounting

on the balance sheet, Myriad Solutions should report net long term liabilities = $445,859,293

on the income statement,  Myriad Solutions should report total interest expense related to the bonds = $53,211,293

Explanation:

January 1, 202x, bonds are issued at a discount

Dr Cash 442,648,000

Dr Discount ob bonds payable 57,352,000

    Cr Bonds payable 500,000,000

June 30, 202x, first coupon payment

Dr Interest expense 26,558,880

   Cr Cash 25,000,000

   Cr Discount on bonds payable 1,558,880

(442,648,000 x 6%) - 25,000,000 = 1,558,880

December 31, 202x, second coupon payment

Dr Interest expense 26,652,413

   Cr Cash 25,000,000

   Cr Discount on bonds payable 1,652,413

(444,206,880 x 6%) - 25,000,000 = 1,652,413

bonds' carrying value = $445,859,293

total interest expense related to the bonds = $26,558,880 + $26,652,413 = $53,211,293