Examlex
Which of the following statements creates a new exception class?
Conversion
The act of changing something into a different form or entity, often used in marketing to refer to turning prospects into customers.
Cash-Basis Accounting
An accounting method where revenues and expenses are recorded when cash is received or paid, rather than when earned or incurred.
Accrual-Basis
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.
Liquidity-Basis
A measurement or approach focusing on how quickly assets can be converted into cash without affecting their value.
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