Unformatted text preview: Accounting Income vs. Economic Income Revenues vs. Gains Expenses vs. Losses Fiscal Year vs. Calendar Year Revenue Recognition vs. Expense Recognition Accruals vs. Prepaids Balance Sheet Approach vs. Income Statement Approach Cash Basis vs. Accrual Basis 1 of 1...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11