If a Company Is Using Accrual Basis Accounting,when Should It

question 121

Multiple Choice

If a company is using accrual basis accounting,when should it record revenue?

• A)when cash is received,even though services may be performed at a later date
• B)when services are performed,even though cash may be received at a later date
• C)when services are performed and cash is received
• D)when cash is received,30 days after the completion of the services

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Definitions:

Cardiac Output

The volume of blood the heart pumps per minute.

Ineffective Tissue Perfusion

A condition where there is inadequate blood flow to tissues to meet their oxygen and nutrient needs.

Cheyne-Stokes Breathing

A pattern of breathing characterized by gradual increases and decreases in respiratory rate and depth, often associated with heart failure or brain damage.

Rhonchal Bradypnea

Slow breathing rate accompanied by loud snoring or rattling sounds, suggesting obstruction in the airways.