Which of the following is not correct with respect to the difference between accrual accounting and cash flow reporting?

• Multiple Choice
• Accrual accounting uses subjective judgment which can introduce uncertainty into reported earnings.
• Cash flow reporting uses subjective judgment which can introduce errors and uncertainty.
• Accrual income can be manipulated by postponing discretionary expenses.
• Accrual accounting uses subjective judgment which can introduce measurement errors.

Answer rating: 100% (QA)

Which of the following is not correct with respect to the difference between accrual ... View the full answer