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How is accrual-based accounting better

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Reference no: EM132993322

Question 1: Distinguish cash basis accounting from accrual basis accounting. How is accrual-based accounting better - how is cash-based accounting better?

Question 2: Explain the relationship of operating income to the balance sheet

Question 3: Explain the business relationship of the right side of the balance sheet to the left side and why this is important

Reference no: EM132993322

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