Under the accrual basis of accounting: a. cash must be received before revenue is recognized. b. a company’s accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles. c. net income is calculated by matching cash outflows against cash inflows. d. events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.

Option D

Explanation: In simple words, accrual basis refers to the method of accounting in which the expenses are recorded when they are incurred and revenues are recorded when they are earned.

Under this method, accountant does not take into consideration whether the cash has been exchanged or not. This is widely followed as it represents the position of an organisation more effectively.  

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; a set of mutual funds with similar risk characteristics to your mutual fund;