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One of the first decisions a new company must make is whether to use a cash based or accrual based system of reporting. explain three

One of the first decisions a new company must make is whether to use a cash based or accrual based system of reporting. explain three factors a company must consider when deciding which accounting method to use. Discuss how each method would affect these factors. If you were to open your own business, which reporting method would you choose?

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