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What is the basis of accounting used for governmental; for not-for-profit; and for profit-based organizations, respectively? A. All three use the accrual basis of accounting.

What is the basis of accounting used for governmental; for not-for-profit; and for profit-based organizations, respectively?

A. All three use the accrual basis of accounting.

B. modified accrual; modified accrual; and accrual.

C. modified accrual, accrual, and accrual.

D. All three use the modified accrual basis of accounting.

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