Example: stock market
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Chapter 3 Adjusting the Accounts - Wiley
catalogimages.wiley.comAccrual- vs. Cash-Basis Accounting What you will learn in this chapter is accrual-basis accounting. Under the accrual basis, companies record transactions that change a company’s financial statements in the periods in which the events occur. For example, using the accrual basis to determine net income means companies recog-