The choice of accounting method doesn't affect cash flows except for possible differences in
A) income taxes paid.
B) depreciation expense recognized.
C) rent expense paid.
D) unearned revenues recognized.

Question

Quizplus · Accepted Answer

The choice of accounting method can affect the amount of income taxes paid, as different methods may result in different levels of reported income. However, it does not directly affect cash flows for the other options listed.

The Choice of Accounting Method Doesn't Affect Cash Flows Except