The Gathering of Related Revenues and Expenses into the Same

question 5

Multiple Choice

The gathering of related revenues and expenses into the same period,regardless of when cash is actually received or paid,is:

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

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Definitions:

Associative Network

A theory that suggests human memory is organized as a network of connected ideas, such that recalling one concept triggers the recall of associated concepts.

Linked Together

Connected or associated with each other in a sequence or relationship.

Stored in Memory

The process of retaining information over time for the purpose of influencing future action or recall.

Sharpen

To improve or enhance the quality, precision, or effectiveness of something.