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The Zane health plan uses a base of accounting known as accrual-basis accounting.

The Zane health plan uses a base of accounting known as accrual-basis accounting. With regard to this base of accounting, it can correctly be stated that accrual-basis accounting

A.

Enables an interested party to view the consequences of obligations incurred by Zane, but only if the health plan ultimately completes the business transaction

B.

Is not suitable for measuring Zane's profitability

C.

Requires Zane to record revenues when they are earned and expenses when they are incurred, even if cash has not actually changed hands

D.

Prohibits Zane from making adjusting entries to its accounting records at the end of each accounting year

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