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Which of the following is true of accrual versus cash accounting? I. Accrual accounting allows us to record expenses and revenues without the receipt or
Which of the following is true of accrual versus cash accounting? I. Accrual accounting allows us to record expenses and revenues without the receipt or payment of cash II. Accrual accounting may require the use of estimates to properly record expenses and revenues. III. Cash accounting provides a better estimate of future cash flows than does accrual accounting
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