Which statement is correct?Business Finance Which statement is correct? The cash-basis of accounting is objective because no one can be certain of the amount of revenue until the cash is received. As long as a company consistently uses the cash-basis of accounting, generally accepted accounting principles allow its use. The use of the cash-basis of accounting violates both the revenue recognition and expense recognition principles. As long as management is ethical, there are no problems with using the cash-basis of accounting. Warning Don’t show me this message again for the assignment Ok Cancel https://brainy.expertwritershub.com/wp-content/uploads/2020/11/Expert-2logo-300x49.png 0 0 admin https://brainy.expertwritershub.com/wp-content/uploads/2020/11/Expert-2logo-300x49.png admin2021-03-10 06:02:532020-11-25 02:22:44Which statement is correct?