Which Statement Is Correct About Accrual Accounting

Which statement is correct about accrual accounting?

A) Accounting estimates or professional judgment are not necessary with accrual accounting.
B) A true measure of economic or accounting income is possible with accrual accounting.
C) An accounting method that records events when they have an economic effect on the company.
D) A method of accounting that does not require accruals for amounts due or outstanding at year-end.

Correct Answer:

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