If a Company Is Using the Accrual Basis Accounting Method

question 74

Multiple Choice

If a company is using the accrual basis accounting method, when should it record its earned revenue?

• A)When cash is received, even though services may be rendered at a later date
• B)When services are rendered, even though cash may be received at a later date
• C)When services are completely rendered and cash is received
• D)When cash is received, 30 days after the completion of the services

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