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Warriorz13:
Which of the following statements about cash basis accounting is true? A. It is more complicated than accrual basis accounting. B. The IRS allows all types of corporations to use it. C. It follows GAAP standards. D. It ensures the company always knows how much cash flow it has.
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Warriorz13:
@undeadknight26
undeadknight26:
Hmm not sure about this one. I'd go with D but not 100% sure.
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