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3. Recognizing an economic effect in the current period even though the cash flows...

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Accounting

3. Recognizing an economic effect in the current period even though the cash flows will occur in a later period is known as a. An accrual. b. A deferral. c. Conservatism. d. The monetary unit assumption, by x
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3. Recognizing an economic effect in the current period even though the cash flows will occur in a later period is known as a. An accrual. b. A deferral. c. Conservatism. d. The monetary unit assumption

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