In a Service-Type Business Revenue Is Considered Recognized

question 165

Multiple Choice

In a service-type business revenue is considered recognized

• A) at the end of the month.
• B) at the end of the year.
• C) when the service is performed.
• D) when cash is received.

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Definitions:

Autonomy

The ability to decide freely and knowledgeably without being forced.

Personal Growth

An ongoing process of understanding and developing oneself in order to achieve one's fullest potential.

Community Feeling

A sense of belonging and mutual support within a group or society.

Intrinsic

Relating to the essential nature of something or motivated by internal rewards rather than external pressures.