Question 1 (1 point) Saved Under cash-basis, transactions are recorded even when no cash is exchanged. True False Question 2 (1 point) Saved Cash-basis has to follow GAAP True False Download Mana Question 3 (1 point) Saved Inventory and non-current assets can be easily tracked under accrual-basis Google Play True CANCEL False O D True False Question 4 (1 point) Saved One can track liabilities under cash-basis. True 9 False 11 Question 5 (1 point) Saved Since cash must be received now or later for any sales, cash-basis is good enough to evaluate farm performance Download Manager Google Play True False CANCEL Saved Question 6 (2 points) O