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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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