Under the cash basis of accounting: a. Accounts receivable would appear on the statement of financial position. b. Revenues are recorded when they are earned. c. Depreciation of assets having an...

Under the cash basis of accounting:

a. Accounts receivable would appear on the statement of financial position.

b. Revenues are recorded when they are earned.

c. Depreciation of assets having an economic life of more than one year is not recognized.

d. The matching principle is ignored.

Jun 10, 2022

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