P3-2 (book/static) For the factors listed below, indicate whether they significantly contribute to the use of accrual accounting for financial reports (rather than using the cash basis). Significant contributor Yes or No Yes b. Factor a. Establishment of accounting standard setters such as the International Accounting Standards Board Invention of the double-entry system of bookkeeping Creation of indefinite-life entities like corporations d. Development of credit cards and other substitutes for cash Preparation of periodic financial reports No C. Yes No e. Yes