If a Company Is Using the Accrual Basis Accounting Method,when

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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Definitions:

Hypnotized

The condition of being in a state of hypnosis, often characterized by increased responsiveness to suggestions.

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The period in human development from infancy to puberty, characterized by growth, learning, and play.

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A trance-like state of heightened suggestibility, deep relaxation, and focused attention.

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Visual artworks created using only black and white colors or shades, focusing on contrasts, shapes, and textures.