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Which of the following statements about accrual accounting is true? Select one: a. The benefit of accrual accounting is that it measures financial performance by
Which of the following statements about accrual accounting is true? Select one: a. The benefit of accrual accounting is that it measures financial performance by reference to revenues/expenses rather than cashflows. b. Revenue is always accompanied by an inflow of cash in the same period. c. In the short run, cash flow accounting and accrual accounting yield the same results. d. Credit sales are a good example for cash accounting.
Aa
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