Which of the Following Must Use the Accrual Method of Accounting

question 12

Multiple Choice

Which of the following must use the accrual method of accounting?

• A)All of the above must use the accrual method.
• B)None of the above must use the accrual method.
• C)Only I and III must use the accrual method.
• D)Only I must use the accrual method.
• E)Only III must use the accrual method.

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Definitions:

Dissonance Magnitude

Refers to the degree of conflict or discomfort experienced when holding two or more contradictory beliefs, values, or attitudes.

Reversible

Capable of returning to an original condition or state, implying change is not permanent.

Self-Esteem

A person's overall subjective emotional evaluation of their own worth or value.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more contradictory beliefs, values, or attitudes, leading to motivation for change to reduce the dissonance.