What is a deferral? Under which basis of accounting, cash or accrual, would deferrals come into play?

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What is a deferral? Under which basis of accounting, cash or accrual, would deferrals come into play? Under what circumstances would a company record a deferral?

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Financial Accounting

ISBN: 9781292019543

3rd Global Edition Edition

Authors: Robert Kemp, Jeffrey Waybright, Pearson Education

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