Multiple Choice
Which of the following statements is not accurate?
A) Household results are provided on a cash flow statement while business results are provided on an income statement.
B) Business accounting under GAAP attempts to report income and expenses,whether or not in cash,for a fair presentation.
C) For household reporting of results,only cash matters.
D) All of the above statements are accurate.
E) None of the above statements are accurate.
Correct Answer:

Verified
Correct Answer:
Verified
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