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Accrual-based accounting means: Select one: a. assets are equal to liabilities b. assets and liabilities are recorded in the same period c. expenses and revenues
Accrual-based accounting means: Select one: a. assets are equal to liabilities b. assets and liabilities are recorded in the same period c. expenses and revenues are recorded in the same period as they are incurred and earned d. an increase in cash equals an increase in net worth
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