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True or False: under accrual accounting, when customers default and fail to pay their accounts receivable balance, recognition of the resulting loss should be postponed
True or False: under accrual accounting, when customers default and fail to pay their accounts receivable balance, recognition of the resulting loss should be postponed until cash is collected from the customer in settlement of the account receivable balance. This delay is necessary because that cash collection is the only determinable and measurable event.
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