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49 . Which of the following statements concerning accrual -basis accounting is incorrect ? a . Accrual -basis accounting follows the revenue recognition principle b
49 . Which of the following statements concerning accrual -basis accounting is incorrect ? a . Accrual -basis accounting follows the revenue recognition principle b . Accrual - basis accounting is the method required by generally accepted accounting principles C . Accr ual-basis accounting recognizes expenses when they are paid d . Accrual - basis accounting follows the matching principle
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