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You have completed Introducing Financial Statements Review!
Quiz Question 1 of 3
What is accrual accounting?
Choose the correct answer below:
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A
Accounting that only recognizes transactions after multiple accountants have signed off on the journal entry
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B
Accounting that is hostile or mean-spirited
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C
Accounting that seeks to present financial statements based on when cash comes in and out of the business
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D
Accounting that seeks to present financial statements based on when revenue is earned, or costs are incurred