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:

Friendships

Social connections between individuals, characterized by mutual affection, respect, and often a shared history or interests.

Dyadic

Relating to or involving two people, often in the context of a relationship or interaction.

Polyadic

Relating to or involving several or many individuals, often used to describe complex relationships or interactions.

Polymorphous

Having multiple forms or shapes; in social or cultural contexts, it may describe varied expressions of identity or behavior.