Question: Consider the differences between owning and managing an apartment building or a retail store.Would the owner of one prefer a cash-based measure of performance? Would

Consider the differences between owning and managing an apartment building or a retail store.Would the owner of one prefer a cash-based measure of performance? Would one prefer an accrual-based performance measure? Would either have an advantage if only the income statement, or only the statement of cash flows, were used to evaluate annual operations? Why?LOP9

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