The Accrual Method of Accounting Recognizes Revenue When ____,And Recognizes

question 67

Multiple Choice

The accrual method of accounting recognizes revenue when ____,and recognizes expenses when ____.

• A) they are earned;cash is paid
• B) cash is received;they are incurred
• C) they are earned;they are incurred
• D) cash is received;cash is paid

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Definitions:

Amino Acid

Organic compounds that serve as the building blocks of proteins, necessary for the growth and repair of body tissues.

Introns

Non-coding sections of DNA or RNA that are removed before the final mRNA is formed in eukaryotic cells.

Nucleotide Sequences

The order of nucleotides in a DNA or RNA molecule that determines genetic information.

Double-stranded DNA

The normal form of DNA, consisting of two parallel strands of nucleotides wound around each other in a helix.