Basic Financial Accounting Short Questions: Small businesses can usually prepare their Income Statements and Balance Sheet on a cash basis. On what basis do large businesses prepare their Income Statements and Balance
Sheets?
Select one alternative:
A Share price basis
B Accrual basis
C Cash flow statement basis
D Cash basis

Question

Small businesses can usually prepare their Income Statements and Balance Sheet on a cash basis. On what basis do large businesses prepare their Income Statements and Balance
Sheets? 
Select one alternative:
A Share price basis
B Accrual basis
C Cash flow statement basis
D Cash basis

Gonza R · Accepted Answer

B Accrual basis

Basic Financial Accounting Short Questions

Small businesses can usually prepare their Income Statements and Balance Sheet on a cash basis. On what basis do large businesses prepare their Income Statements and Balance Sheets? Select one alternative: A Share price basis B Accrual basis C Cash flow statement basis D Cash basis

B Accrual basis

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