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

question 34

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,either prior to the services being rendered or at a time after the services were rendered
• D)When cash is received,prior to the services being rendered

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Definitions:

Informal Groups

Groups that emerge naturally due to the social interactions among the people in an organization, not officially formed by the organization.

Linking Pins

A concept in which managers are seen as linking pins connecting their subordinates with their superiors, facilitating communication and coordination.

Free-Riding

A phenomenon where individuals or entities benefit from resources, goods, or services without paying for the cost of the benefit.

Social Loafing

The phenomenon where individuals exert less effort when working in a group compared to when working alone, often due to perceived imbalances in contribution and accountability.