If a Company Is Using the Cash- Basis Method of Accounting

question 72

Multiple Choice

If a company is using the cash- basis method of accounting, when is revenue recorded?

• A)When cash is received, at a time after the services were rendered
• B)When services are rendered, even though cash may be received at a later date
• C)When cash is received, prior to the services being rendered
• D)When cash is received, either prior to the services being rendered or at a time after the services were rendered

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Definitions:

Bandura

Albert Bandura, a renowned psychologist best known for his social learning theory, emphasizing the importance of observational learning, self-efficacy, and self-regulation.

Watson

John B. Watson, an American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Puzzle Box

An experimental device used in animal psychology to study trial-and-error learning, notably by Edward L. Thorndike.

Thorndike

Edward Thorndike was an influential psychologist known for his work in behaviorism and for developing the Law of Effect, which played a foundational role in the study of operant conditioning.