Which of the following statements is associated with the accrual-basis of accounting?
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Which of the following statements is associated with the accrual-basis of accounting? The timing of cash receipts and disbursements is emphasized. A minimum amount of record keeping is required. This method is used less frequently by businesses than the cash method of accounting. Revenues are recognized in the period they are earned (when the related services are performed), regardless of the time period the cash is received.
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