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Accounting statements contains information that needs to be adjusted to get the actual cash flows because _____. A. all expenses are deferred until after the
Accounting statements contains information that needs to be adjusted to get the actual cash flows because _____.
A. | all expenses are deferred until after the revenue is recognized | |
B. | none of these statements are correct. | |
C. | the market value is always higher than the book value recorded in the accounting statements | |
D. | some revenue will be recorded as income before the company actually receives cash |
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