Answer
b).
Work Step by Step
b). results in companies recording transactions that change a company’s financial statements
in the period in which events occur
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 4 - Accrual Accounting Concepts - A Look at IFRS - IFRS Practice - Page 227: 5
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