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

question 19

Multiple Choice

If a company is using the cash-basis method of accounting,when is revenue recorded?

• A) When services are rendered, even though cash may be received at a later date
• B) When cash is received, prior to the services being rendered
• C) When cash is received, at a time after the services were rendered
• D) When cash is received, either prior to the services being rendered or at a time after the services were rendered

---

Definitions:

Predictions

Statements about future events or conditions that are expected to happen based on current evidence or hypotheses.

Classical Conditioning

A learning process where a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.

Rescorla

A psychologist notable for his work with Robert A. Wagner on a model of classical conditioning that emphasizes the importance of the cognitive aspect of learning.

Prediction

A statement about what will happen in the future based on current understanding or analysis.