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Select all that apply Which of the following statements describes why accrual accounting better reflects a business's performance? ( Check all that apply. ) Comparability
Select all that apply
Which of the following statements describes why accrual accounting better reflects a business's performance? Check all that apply.
Comparability of financial statements is improved.
Expenses are always recognized in the period in which they are incurred.
It provides a better focus and understanding of how cash is spent and why it is received.
Revenues are always recorded in the period in which they are earned.
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