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1.The accrual method of accounting: a.States that expenses should be recognized in the period when cash is paid b.Requires that events which make a difference

1.The accrual method of accounting:

a.States that expenses should be recognized in the period when cash is paid

b.Requires that events which make a difference to financial statement users be disclosed

c.States that expenses should be recorded using a permanent account

d.Requires that expenses are recognized in the accounting period when they are incurred

e.None of the above

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