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Matching or Accrual
The accrual concept makes a distinction among the receipt of cash and the right to receive it, and the payment of cash and legal obligation to pay it. In fact business operations, the obligation to pay and the actual movement of cash might not coincide.
The accrual concept needs recognition of revenue and expenses on a comparable basis that is revenue and expense are allocated to a particular accounting period on a consistent basis.
If firm A has a higher debt-to-equity ratio than firm B then that means what
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how to get the expected growth rate?
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What level of profits can you earn in a perfectly competitive market and what drives markets towards perfect competition over the long run?
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