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Accrual-basis accounting: O will likely be eliminated as a result of the IASB/FASB joint project on revenue recognition. O results in companies recording transactions
Accrual-basis accounting: O will likely be eliminated as a result of the IASB/FASB joint project on revenue recognition. O results in companies recording transactions that change a company's financial statements in the period in which events occur. O is not consistent with the IASB conceptual framework. O is optional under IFRS
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
