Shareholder voting agreements have to be filed with the corporation

Which of the following statements about cash versus accrual accounting is most correct?

a. In cash accounting, an event is recognized when a cash transaction occurs. b. In accrual accounting, an event is recognized when a cash transaction occurs. c. Most large healthcare organizations use cash accounting. d. Most small healthcare organizations use accrual accounting because it closely matches statements required for income tax purposes. e. In cash accounting, an event is recognized when the obligation for a cash transaction is created.

Home replacement cost

A) may exceed actual cash value on older homes. B) is likely to exceed actual cash value on new homes. C) is equal to actual cash value plus depreciation. D) and actual cash value are identical concepts. E) is equal to the face amount of dwelling protection.