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Which of the following is not a characteristic of accrual basis of accounting? revenues are reported on the income statement in the period in which

Which of the following is not a characteristic of accrual basis of accounting?

revenues are reported on the income statement in the period in which they are earned

revenues and expenses are reported in the period in which cash is received or paid

expenses are reported in the same period as the revenues to which they relate

accrual basis of accounting supports the matching concept

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