The modified cash basis
A) is frequently used by manufacturing firms.
B) does not usually record inventory.
C) capitalizes and depreciates property, plant, and equipment.
D) is derived from the accrual basis of accounting.

Question

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The Answer of The modified cash basis
A) is frequently used by manufacturing firms.
B) does not usually record inventory.
C) capitalizes and depreciates property, plant, and equipment.
D) is derived from the accrual basis of accounting.

The Modified Cash Basis