Under Accrual Accounting, Revenue Is Recognized

question 1

Multiple Choice

Under accrual accounting, revenue is recognized:

• A) when cash is received, and expenses, when cash is paid.
• B) when cash is received, and expenses, when they are incurred.
• C) when it is earned, and expenses, when the costs are incurred.
• D) When it is earned, and expenses when cash is paid.

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Definitions:

Neural Tube Defects

A type of birth defect of the brain, spine, or spinal cord that occurs when the neural tube does not close completely.

Sex Chromosome

The chromosomes that determine the sex of an organism, typically represented as XX for females and XY for males in humans.

Neural Tube Defects

Neural tube defects are birth defects of the brain, spine, or spinal cord that occur when the neural tube does not close completely during early fetal development.

Spina Bifida

A neural tube defect that causes abnormalities of the brain and spine.