The Revenue Recognition Principle Is a Requirement Under Accrual Accounting

question 36

Multiple Choice

The revenue recognition principle is a requirement under accrual accounting to record revenues when

• A)they are earned,not necessarily when cash is received.
• B)the cash is received,not necessarily when they are earned.
• C)they can be matched to expenses.
• D)None of the choices are correct.

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Medical or psychological care given to patients for illnesses or conditions.

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