Provide a specific example of why a partnership may want to use a disclosed basis of accounting

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Provide a specific example of why a partnership may want to use a disclosed basis of accounting instead of GAAP.

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Advanced Financial Accounting

ISBN: 9780131236998

5th Edition

Authors: Thomas H. Beechy

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Question Posted: Jan 31, 2024 04:00 AM

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Provide a specific example of why a partnership may want to use a disclosed basis of accounting

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In a partnership a disclosed basis of accounting is often used because it provides a more flexible w...View the full answer

Advanced Financial Accounting

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