The accrual basis of accounting:
A. Is generally accepted for external reporting because it is more useful than cash basis for most business decisions.
B. Is flawed because it gives complete information about cash flows.
C. Eliminates the need for adjusting entries at the end of each period.
D. Recognizes expenses when paid in cash.
E. Recognizes revenues when received in cash.
Answer: A
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A) hiring replacement workers B) temporarily demoting supervisors C) acquiring crossover workers D) acquiring wildcat strikers