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Which statements about accrual accounting is correct

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Reference no: EM132615576

Problem 1: Which of the following statements about Accrual Accounting is correct?

Option 1: Accrual Accounting requires managers' judgement and does not reflect economic reality.

Option 2: Accrual Accounting is simple but does not reflect economic reality.

Option 3: Accrual Accounting is simple and reflects economic reality.

Option 4: Accrual Accounting requires managers' judgement and reflects economic reality.

Reference no: EM132615576

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