Accrual Accounting,which Attempts to Match Sales Revenues and the Expenses

question 28

Multiple Choice

Accrual accounting,which attempts to match sales revenues and the expenses associated with the production of the goods,is conducted in an attempt to:

• A) reduce income-tax liability.
• B) reduce bias in reported profitability measures.
• C) speed up the receipt of accounts receivable.
• D) reduce the time necessary to depreciate assets.

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