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11 Dec 2019
Which of the following statements about accrual-basis accounting is not true?
a. It uses the revenue recognition principle.
b. It uses the expense recognition principle
c. It is required for external accounting reports.
d. It requires the timing of cash receipts to be in the same period as revenues are recognized.
Which of the following statements about accrual-basis accounting is not true?
a. It uses the revenue recognition principle.
b. It uses the expense recognition principle
c. It is required for external accounting reports.
d. It requires the timing of cash receipts to be in the same period as revenues are recognized.
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Sixta KovacekLv2
6 Apr 2020