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Multiple Select Question

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Which of the following statements describes why accrual accounting better reflects a business$$s performance$$Check all that apply$$

Expenses are always recognized in the period in which they are incurred$$

Revenues are always recorded in the peri$$ od in which they are earned$$

Comparability of financial statements is improved$$

It provides a better focus and understand$$ ing of how cash is spent and why it is re$$ ceived$$

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