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income using accrual accounting decides a firm's ability to to meet long-term obligations. Is this different...

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Accounting

income using accrual accounting decides a firm's ability to tomeet long-term obligations. Is this different if a company usescash based accounting instead? Why or why not?

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Businesses must choose one or the other of two possible approaches to financial reporting Firstly they may select cash basis accounting Firms using this approach record revenue when they receive cash and record expenses when the pay cash Secondly they may choose    See Answer
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