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Which of the following statements is true about accrual accounting? Hide answer choices ~ (A) Records revenue when it is earned Records revenue when cash

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Which of the following statements is true about accrual accounting? Hide answer choices ~ (A) Records revenue when it is earned Records revenue when cash is received Records expenses when they are paid D Records all assets at fair value A company is better off if it has a [higher/lower] average sale period (average days to sell)

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