at Students | BCTC Ul claim KHEAA. Kentucky H. w O of 29 Concepts completed i Due Multiple Select Question elect all that apply Which of the following statements describes why accrual accounting better reflects a business's performance? (Check all that apply Expenses are always recognized in the period in which they are incurred. Comparability of financial statements is improved, It provides a better focus and understanding of how cash is spent and why it is received. Revenues are always recorded in the period in which they are earned. > Need help? Review these concept resources