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1)Which of the following is more useful to external decision makers than other methods because it provides a better basis for assessing historical activity and

1)Which of the following is more useful to external decision makers than other methods because it provides a better basis for assessing historical activity and possibly for making predictions about a company's future earnings and cash flows?

a.Accrual-based income

b.Accrual-based assets, liabilities and owner's equity

c.Modified cash basis assets, liabilities and owner's equity

d.Modified cash basis income

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