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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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