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Term Of The Hour

GAAP accounting methods: Original post by David Carnes of Demand Media Many businesses are legally required to use the accrual basis. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/77/82/87558299.jpg?w=700&h=700&keep_ratio=1 Hemera Technologies/PhotoObjects.net/Getty Images Two forms of accounting are available to companies -- the cash basis and the accrual basis. Companies with…

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