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Identify the false statement(s) in the five choices below: Multiple Choice the accrual paradigm is not tied to cash flow in terms of when it
Identify the false statement(s) in the five choices below: Multiple Choice the accrual paradigm is not tied to cash flow in terms of when it recognizes revenue Not possible since all of the other are correct statements all of the financial statements can be expressed as an algorithm (equation) the account analysis equation is the principal tool to analyze activity in each and every general ledger account for the year O the cash paradigm implies that revenues are recognized only when cash is received
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