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Since Generally Accepted Accounting Principles (GAAP) require companies to recognize revenues when earned and expenses when incurred regardless of when cash exchanges hands, companies are
Since Generally Accepted Accounting Principles (GAAP) require companies to recognize revenues when earned and expenses when incurred regardless of when cash exchanges hands, companies are expected to use the accounting method to record information, which means that revenues and expenses are recognized when the activities associated with them occur rather than when cash is received or expended. actual A O cash B. C.current D. tax accrual OE
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