When Does a Company Account for Earned Revenue If It

question 4

Multiple Choice

When does a company account for earned revenue if it follows cash basis accounting?

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

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Definitions:

Stress Reactions

The behavioural, psychological, and physiological consequences of stress.

Cognitive

Pertaining to the mental processes involved in perception, memory, judgment, and reasoning.

Physiological

pertains to the branch of biology that deals with the normal functions of living organisms and their parts.

Stress Episode

A specific period in which an individual experiences mental, emotional, or physical strain or tension due to external or internal demands or challenges.