erock3268 erock3268

23-08-2018
Business

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The type of accounting required by gaap is:
a. accrual.
b. hybrid cash.
c. cash.
d. modified cash.

Respuesta :

23-08-2018

GAAP requires you to use accrual based accounting (where revenue is earned and expenses are incurred) and not cash based.

So, The type needed is choice A.

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