Texas Instruments educates their employees on Ethics and Compliance. Their Quick Quiz indicates that when you are in doubt about the proper action, ask yourself: a. are my actions legal

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.