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Unlike the cash basis method, the timing of actual payments ... a transaction would not be recorded for a while after the item leaves inventory. Investors would then be left in the dark as to ...
Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate ...
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Why Does GAAP Require Accrual Basis Rather Than Cash Accounting?Unlike the cash basis method, the timing of actual payments ... a transaction would not be recorded for a while after the item leaves inventory. Investors would then be left in the dark as to ...
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