Multiple Choice
If compiled financial statements presented in conformity with the cash receipts and disbursements basis of accounting do not disclose the basis of accounting used,the accountant should:
A) Disclose the basis in the notes to the financial statements.
B) Clearly label each page "Unaudited."
C) Disclose the basis of accounting in the accountant's report.
D) Recompile the financial statements using generally accepted accounting principles.
Correct Answer:

Verified
Correct Answer:
Verified
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