Which statement is correct?
A: The use of the cash-basis of accounting violates both the revenue recognition and expense recognition principles.
B: The cash-basis of accounting is objective because no one can be certain of the amount of revenue until the cash is received.
C: As long as management is ethical, there are no problems with using the cash-basis of accounting.
D: As long as a company consistently uses the cash-basis of accounting, generally accepted accounting principles allow its use.
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