Most small businesses, and all large ones, favor accrual basis books over cash basis books...
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Accounting
Most small businesses, and all large ones, favor accrual basis books over cash basis books for all of the following reasons EXCEPT: A. Theyre concerned about the profit margin on products they sell. B. They want to know when theyre making money and when theyre not. C. Accrual basis accounting always shows a higher profit than cash basis of accounting. D. Theyre required by lenders, investors or government authorities to report their activities using accrual basis accounting
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