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6. Which of the following is not true? A) Under the cash basis of accounting revenues are reported in the income statement in the period
6. Which of the following is not true? A) Under the cash basis of accounting revenues are reported in the income statement in the period in which cash is received from customers B) Under the cash basis of accounting expenses are reported in the cash flow budget in the period in which cash is paid out C) Cash basis accounting allows farmers to shift sales and expenditures from one year to another D) Primary use of cash basis accounting is reporting of income to IRS
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DCAA Contract Audit Manual Volume 1
Authors: Defense Contract Audit Agency
1st Edition
B08HTL19V5, 979-8684992995
