There are two primary ways to recognize revenue and liabilities, cash and accrual accounting. Select all of
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Question:
a. Mimics tax statements
b. Provides a better picture of the true economic status of a business
c. Is not required by GAAP
d. Is simple and easy
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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