62. Accrual basis of accounting is used to measure a firm's financial performance primarily because* It records revenue in the books when cash payments are received It provide better indication of the ability to generate cash flow Cash inflow and outflow are less important Cash basis of accounting is less known among practicing accountants

62. Accrual basis of accounting is used to measure a firm's financial performance primarily because* It records revenue in the books when cash payments are received It provide better indication of the ability to generate cash flow Cash inflow and outflow are less important Cash basis of accounting is less known among practicing accountants

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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