Question: (LO 8-5) According to the text, prefers -basis accounting since it is better at forecasting future performance. a. GAAP, cash b. GAAP, accrual

(LO 8-5) According to the text,        prefers        -basis accounting since it is better at forecasting future performance.

a. GAAP, cash

b. GAAP, accrual

c. tax accounting, cash

d. tax accounting, accrual

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