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Which statement is correct about accrual accounting? Group of answer choices An accounting method that records events when they have an economic effect on the
Which statement is correct about accrual accounting?
Group of answer choices
An accounting method that records events when they have an economic effect on the company.
Accounting estimates or professional judgment are not necessary with accrual accounting.
A true measure of economic or accounting income is possible with accrual accounting.
A method of accounting that does not require accruals for amounts due or outstanding at yearend.
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