The Gathering of Related Revenues and Expenses into the Same

question 70

Multiple Choice

The gathering of related revenues and expenses into the same period,regardless of when they were incurred,is:

• A) cash-basis accounting.
• B) market-value accounting.
• C) book-value accounting.
• D) accrual accounting.

---

Definitions:

Ethernet

A family of technologies for local area networks (LANs) that facilitates the interconnection of computers and devices.

LAN

Short for Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, or office building.

Internet

A global system of interconnected computer networks that use the Internet Protocol suite (TCP/IP) to communicate between networks and devices.

DSL

Digital Subscriber Line; a family of technologies that provide internet access by transmitting digital data over the wires of a local telephone network.