The assumption that the effects of transactions and other events are recognized when they occur, not when

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The assumption that the effects of transactions and other events are recognized when they occur, not when the cash flows occur, is called:

A. relevance.

B. accrual basis.

C. going concern.

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International Financial Statement Analysis CFA Institute Investment Series

ISBN: 9780470287668

1st Edition

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

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