When Does a Company Account for Revenue If It Uses

question 132

Multiple Choice

When does a company account for revenue if it uses cash basis accounting?

• A) when services are performed, even though cash may be received at a later date
• B) before services are performed
• C) when the services are being performed
• D) when cash is received, either prior to, at the time of, or after the services are performed

---

Definitions:

Gross Motor Skills

Skills that employ the large muscles used in locomotion.

Agility

The ability to move quickly and easily, often reflecting physical coordination and nimbleness.

Parental Divorce

The legal dissolution of a marriage by the parents of a child, which can have varying impacts on the child's development and well-being.

Overeating

The consumption of food in quantities greater than what is required by the body, often leading to negative health consequences.