Question: Robert plans to start a new business that he expects will experience steady growth in profits for the next 15 years. He needs to select

Robert plans to start a new business that he expects will experience steady growth in profits for the next 15 years. He needs to select a method of accounting to use: cash or accrual. He would like to select the method that will provide the higher net present value for the company's cash flows. Which method should he choose and why?

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