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Which of the following concepts is important to accrual accounting? a ) Cash basis, because if cash is not received, revenue is not accrued The
Which of the following concepts is important to accrual accounting?
a Cash basis, because if cash is not received, revenue is not accrued
The entity concept, because personal transactions must be separated from business transactions
C Market basis, because inflation is a big factor in the environment
d Time period, because accrual accounting divides earnings into time periods
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