connect Principles of Accounting-ACc 2013. Fall 2017 son Haas 04 hapter 12 Quiz

Question

connect Principles of Accounting-ACc 2013. Fall 2017 son Haas 04 hapter 12 Quiz Instructions I help Question 3 (of 5 Save & Exit 11 Suent 1.00 points You did not recelive fulil credit for this question in a previous attempt MC Qu. 33 Which of the following is the best measure.. Which of the following is the best measure of a company's profitability? Cash-based net income O Accrual-based net income O Accounts Receivable Sales Revenue MC Qu. 33 Which of the following is the best measure Multiple Choice P11

Explanation / Answer

Ans: Option B: Accurual based Net Income.

Reason: Accurual based accounting ensures all the expenses irrespective of paid or not incurred in current period to earn revenue are recognised. So ensure correct profit is booked.

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