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Q: Why did the federal government adopt policies that created a huge debt?
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Why should the federal government adopt the accrual basis of accounting?

The federal government should adopt accrual since there is a 1956 law that requires all government agencies to prepare accrual-basis financial reports. Also, accrual basis will show more information since it shows money that the government is owed and liabilities of the federal government.


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What policies did Warren G. Harding and Calvin Coolidge adopt toward business?

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