If a Company Is Using the Accrual Method of Accounting,when

question 40

Multiple Choice

If a company is using the accrual method of accounting,when is revenue recorded?

• A)When cash is received,30 days after the completion of the services
• B)When cash is received,before the completion of the services
• C)When cash is received,even though services may be rendered at a later date
• D)When services are rendered,even though cash may be received at a later date

---

Definitions:

Legal Regulations

Rules and guidelines enforced by government agencies to control behavior, ensure fairness, and protect both public and private interests.

McGregor's Theory X

A management theory suggesting that employees are inherently lazy and need to be closely supervised.

Theory Y

A management concept that assumes employees are self-motivated, seek responsibility, and can solve work problems creatively.

Green Revolution

A period of technology transfer, starting in the 1940s, which significantly increased agriculture production worldwide, particularly in developing countries, through the use of modern farming techniques and technologies.