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The accrual basis of accounting: Multiple Choice Increases the comparability of financial statements from period to period. Is flawed because it gives complete information about

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The accrual basis of accounting: Multiple Choice Increases the comparability of financial statements from period to period. Is flawed because it gives complete information about cash flows. Recognizes revenues when received in cash Recognizes expenses when paid in cash. Eliminates the need for adjusting entries at the end of each period

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