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    Financial Accounting Study Set 21
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    Exam 2: Analyzing Transaction and Their Effect on Financial Statement
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    The Accounting Basis That Attempts to Measure Performance in the Period
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The Accounting Basis That Attempts to Measure Performance in the Period

Question 41

Question 41

Multiple Choice

The accounting basis that attempts to measure performance in the period in which it occurred is the


A) approval basis.
B) cash basis.
C) matching basis.
D) accrual basis.

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