Which of the following is not a potential benefit of accrual accounting, compared to cash-basis accounting? A. Timeliness. B. Better reflecting economic activity. C. Periodicity. D. Better matching of revenues and expenses.
2. The most political issue in the FASB's most recent deliberations and amendments to GAAP on business combinations was: A. The negative effects on subsequent earnings of amortizing goodwill if firms we
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29 Oct 2013
