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Question 10 2 pts The objective of the accrual basis accounting is to Report expected future accomplishments and link them to expected efforts. Match cash
Question 10 2 pts The objective of the accrual basis accounting is to Report expected future accomplishments and link them to expected efforts. Match cash inflows of the period with their associated cash outflows. Include revenue in the income statement of the period when control of the goods and services produced passes to the customer fregardless of when cash is received) and match costs incurred (expenses) against the revenue (regardless of when paid). Provide information for investors to assess current period cash flows
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