The Revenue Recognition Principle Requires That Revenue Be Recognized in the Accounting

question 121

Multiple Choice

The revenue recognition principle requires that revenue be recognized in the accounting records ________.

• A)when cash is received
• B)when it is earned
• C)at the end of the accounting period
• D)in the period the income taxes are paid

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Definitions:

Action Queries

SQL commands that cause changes in the data or structure of a database.

Make-Table

A process or query in database management systems used to create a new table and populate it with data from existing tables.

Crosstab

A table display format that summarizes the data of two or more variables, showing how one variable relates to another.

Make-Table Query

A query that creates a new table in a database from the result set of a SELECT statement.