Question: write a 3 sentence response: Larger companies like Snap, AT&T, and Microsoft would use an accrual basis of accounting. The reasoning behind these companies using
write a 3 sentence response: Larger companies like Snap, AT&T, and Microsoft would use an accrual basis of accounting. The reasoning behind these companies using an accrual basis of accounting is since accrual basis of accounting provides a better and real view of a business's financial activity. Accrual basis of accounting reports all activities and conditions, regardless of what position the cash is in. This is vital to companies that have a higher level of credit sales and have current expe
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