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[CLO-1] Accrual basis in accounting means: O Company to use the same accounting methods from period to period so that financial statements are comparable across
[CLO-1] Accrual basis in accounting means: O Company to use the same accounting methods from period to period so that financial statements are comparable across periods. O Revenues are recognized when cash is received and expenses are recorded when cash is paid. O Revenues are recognized when earned and expenses are recognized when incurred. O Expenses to be reported in a different accounting period as the sales occurred, earned or recognized. Moving to another question will save this response
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