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According to Cohen and Metzger, when it comes to our needs for control, these needs seem to be better fulfilled by:
Accrual Accounting
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.
Current Operating Liabilities
Short-term liabilities that are incurred as part of the normal operations of a business, due within a fiscal year.
Decreases
A reduction in quantity, size, or overall value of an asset, revenue, or other financial metric.
Decreases in Current Assets
The reduction in the value or amount of the assets that a company expects to convert into cash within one year.
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