Today, a Company Sold $1,000 of Goods on Credit A)Option a
B)Option B
C)Option C
D)Option D

question 57

Multiple Choice

Today, a company sold $1,000 of goods on credit.The customer took the goods with him, but will only pay in 30 days.When would the sale be reflected under the cash basis of accounting and the accrual basis of accounting? $\begin{array}{ll}&\text { Cash Basis }&\text { Accrual Basis }\\A.&\text { today } & \text { today } \\B.&\text { today } & \text { at collection } \\C.&\text { at collection } & \text { today } \\D.&\text { at collection } & \text { at collection }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Hard Rocks

Earth materials, such as granite and basalt, that are solid, tough, and resistant to weathering and erosion.

Ice Sheets

Large masses of glacial ice and snow that cover vast areas of land, such as those found in Antarctica and Greenland.

Rivers Flow

The movement of water in a natural stream or river channel, often towards an ocean, sea, lake, or another river.

River Terraces

Flat, step-like landforms found alongside river valleys, formed by the river as it erodes downward into its bed.