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Determine the difference cash vs accrual accounting

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Cash vs. Accrual Accounting:

Question 1: Explain the difference between the cash basis, and the accrual basis measures of performance. Provide examples of accounts that are treated differently under the two methods.

Question 2: Why, in most cases, does accrual basis net income provide a better measure of performance than cash basis net income?

Reference no: EM132473623

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