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From course:

Basic Financial Accounting Short Questions

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Question:

Small businesses can usually prepare their Income Statements and Balance Sheet on a cash basis. On what basis do large businesses prepare their Income Statements and Balance Sheets? Select one alternative: A Cash basis B Accrual basis C Cash flow statement basis D Share price basis

Author: Gonza R



Answer:

B Accrual basis


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Author

Gonza R
Gonza R