Which of the Following Accounting Bases May Be Used to Prepare

Multiple Choice

Which of the following accounting bases may be used to prepare financial statements in conformity with a comprehensive basis of accounting other than generally accepted accounting principles?

A) Basis of accounting used by an entity to file its income tax return. II. Cash receipts and disbursements basis of accounting.
B) I only.
C) II only.
D) Both I and II.
E) Neither I nor II.