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Q. |
Cash flow statement is based upon _________ while Funds Flow Statement recognizes _______. |
A. | Cash basis of accounting, accrual basis of accounting |
B. | Accrual basis of accounting, cash basis of accounting |
C. | Both are based on cash basis of accounting |
D. | None of the above |
Answer» A. Cash basis of accounting, accrual basis of accounting |
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