When Does a Company Account for Earned Revenue If It

question 69

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:

Life Skills Training

An educational program or intervention designed to teach individuals essential personal skills for daily living and effective coping.

Initiation

The action of beginning something, such as a process or activity.

Social Influence

The influence that the verbal expressions, deeds, or simply the existence of others has on our mental processes, emotions, perspectives, or actions.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through communication and reasoning.