Which of the Following Is TRUE

question 97

Multiple Choice

Which of the following is TRUE?

• A) Accrual accounting is required by generally accepted accounting principles.
• B) Accrual accounting records expenses when incurred. Cash-basis accounting records expenses when cash is paid.
• C) Accrual accounting records revenue when services are rendered. Cash-basis accounting records revenue when cash is received.
• D) All of the above are true.

---

Definitions:

Effect Size

Effect size is a quantitative measure of the magnitude of the difference between groups or the strength of a relationship between variables in a statistical analysis.

Holland's Theory

A theory of career and vocational choice based upon personality types, suggesting that people with certain personality traits tend to prefer certain professions.

Vocational Types

Categories of careers or professions typically based on individuals’ interests, strengths, and aptitudes, often used in career guidance and counseling.

Personality Types

A classification of different types of individuals' personalities based on certain characteristics and behavioral patterns they share.