Which method will provides most reliable financial results

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Reference no: EM133417500

Question: Regarding GAAP and accrual vs. cash basis accounting. Which method is the most reliable financial results? Why?

Which method will provides the most reliable financial results?

Accrual basis is required for publicly traded corporations. Should accrual basis be the only acceptable method? Can you think of a type of company that could achieve reliable financial statements using cash basis?

Reference no: EM133417500

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