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  3. which of the following statements is incorrect? a

Which of the following statements is INCORRECT? a . Cash basis accounting recognizes revenue...

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Accounting

Which of the following statements is INCORRECT?
a . Cash basis accounting recognizes revenue and expense based on when cash is exchanged.
b. Accrual basis accounting requires less managerial judgment than cash basis accounting.
c. Cash basis accounting has poor matching of revenues and expenses.
d.Cash basis accounting is suitable for cash-only businesses.
e. Accrual basis accounting is required under the U.S. GAAP

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