Why is an accrual basis income statement more useful than a cash basis income statement?

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 15, 2017 11:01 AM

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Briefly explain the difference between an accrual basis income statement and a cash basis income statement.
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Why is an accrual basis income statement more useful than a cash basis income statement?

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The accrual basis provides useful information for dec...View the full answer

Accounting Principles Part 1

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