Under Accrual Accounting,revenue Is Recorded

question 82

Multiple Choice

Under accrual accounting,revenue is recorded:

• A)when the cash is received,regardless of when the services are performed.
• B)when the services are performed,regardless of when the cash is received.
• C)at the end of every month.
• D)only if the cash is received at the same time the services are performed.

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Definitions:

High Status

A position of authority or elevated standing in a social, professional, or other hierarchy.

Personal Control

The extent to which an individual feels they can influence or shape the outcomes in their life.

Socially Expected

Behaviors or norms that are anticipated and considered appropriate within a given society or cultural context.

Normative Social Influence

The force exerted by others that prompts us to align our actions to be cherished and welcomed by them.