The Revenue Principle Guides Accountants in Which of the Following

question 12

Multiple Choice

The revenue principle guides accountants in which of the following ways?

• A) Ensures that information is reported at regular intervals
• B) Determines when to record expenses
• C) Determines when to record revenue
• D) Dictates that expenses be deducted from revenues

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Definitions:

Plant Decision

A decision regarding operations, management, or other strategic planning aspects in the context of a manufacturing or processing plant.

Personnel Used

The number and type of employees employed in a business or organization for its operation.

Total Number

The sum or aggregate count of units or elements in a set or group.

Ohio

A state located in the Midwestern region of the United States, known for its diverse geography from flat farmland to steep elevations at the Appalachian foothills.