What is the accrual basis of accounting? Question content area bottom Part 1...
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What is the accrual basis of accounting? Question content area bottom Part A A basis of accounting that records economic events when they happen rather than only when cash exchanges occur. B An entry that reflects events in a period different from their corresponding cash flow. C A method of accounting that does not require accruals for amounts due or outstanding at yearend. D An entry that reflects accounting events and transactions after the related cash flow.
What is the accrual basis of accounting?
Question content area bottom
Part
A
A basis of accounting that records economic events when they happen rather than only when cash exchanges occur.
B
An entry that reflects events in a period different from their corresponding cash flow.
C
A method of accounting that does not require accruals for amounts due or outstanding at yearend.
D
An entry that reflects accounting events and transactions after the related cash flow.
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