Question: Explain the major advantages and disadvantages inherent in using both the cash and the accrual basis of accounting. Then, determine the one (1) that you

Explain the major advantages and disadvantages inherent in using both the cash and the accrual basis of accounting. Then, determine the one (1) that you believe provides the most useful financial information to users. Identify at least two (2) types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting. Justify your response

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