Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. accrual accounting is used because: cash flows are

Accrual accounting is used because: cash flows are considered less important. ...

80.2K

Verified Solution

Question

Accounting

Accrual accounting is used because: cash flows are considered less important.

it provides a better indication of a company's ability to generate cash flows than cash basis.

it recognizes revenues when cash is received and expenses when cash is paid.

None of the answer choices are correct.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The trp operon: Bacterial cells can take up the amino acid tryptophan from their surroundings, or,...

Medical Sciences
1.2K views

7. What is the SRS (self-reliance strategy) for refugees and how might it leave refugees vulnerable? 8....

Advance Math
1.2K views

Case 2 Method: y" + 3y' + 2y = 7cos(x) - sin(x)

Accounting
1.2K views

1. An Investment Adviser MUST register with the SEC under which of the following conditions?               I         When there is no...

Physics
1.2K views

6 A circuit is constructed with a 1000 resistor a 1 00 x 10 F...

Basic Math
1.2K views

Solve the system by the method of substitution If there is no solution enter NO...

Basic Math
1.2K views

Sketch the vectors 4 4 and 1 2 and find the angle between them in...

Accounting
1.2K views

On January 1, 2022, Blossom Company had the following stickholders equity accounts common...

Accounting
1.2K views

Assume that on January 2, 2016, Sanoma Furniture purchased fixtures for $8,500 cash,...

Accounting
1.2K views

Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining...

Accounting
1.2K views

Your manager asked you to write a memo outlining the importance of behaving ethically as...

Finance
1.2K views

10. Bimba Co. has a beta of 1.3 The expected market return is 14%, and...