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For Each of the Following Statements,indicate Whether It Applies To

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Essay

For each of the following statements,indicate whether it applies to:
the cash basis of accounting (cash basis)
the accrual basis of accounting (accrual basis)
both the cash and accrual basis of accounting (both)
neither the cash nor the accrual basis of accounting (neither).
Your response should be cash basis,accrual basis,both,or neither.
 Statement  Applies to  Does a good job of tracking a  business’s cash flows  It is irrelevant when cash is received  or paid  May require a company to prorate a  prepayment of rent \begin{array} { | l | l | } \hline \text { Statement } & \text { Applies to } \\\hline \text { Does a good job of tracking a } & \\\text { business's cash flows } & \\\hline \text { It is irrelevant when cash is received } & \\\text { or paid } & \\\hline \text { May require a company to prorate a } & \\\text { prepayment of rent } & \\\hline\end{array}


Definitions:

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression.

Independent Variable

A variable in an experiment or model that is manipulated or categorized to observe its effect on the dependent variable.

Dependent Variable

In an experimental setting, the variable being tested and measured, which is expected to change as a result of modifications to the independent variable.

Independent Variables

Variables in an experiment that are manipulated to determine if they cause a change in the dependent variable.

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