Under Accrual Accounting When Is Revenue Recognized

question 87

Multiple Choice

Under accrual accounting when is revenue recognized?

• A)When cash is received,and expenses when cash is paid
• B)When cash is received,and expenses when the costs are incurred
• C)When earned,and expenses when the costs are incurred
• D)When earned,and expenses when cash is paid

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Definitions:

Cannabis Abuse

The problematic use of cannabis that negatively impacts health, social, or occupational functioning.

Perceptual Disturbance

An alteration in the way sensory information is interpreted or experienced, possibly leading to misinterpretations of one's environment.

Intoxicaton

The condition of having physical or cognitive functions impaired by the excessive consumption of alcohol or drugs.

Alcohol Abuse

A pattern of drinking that results in harm to one's health, interpersonal relationships, or ability to work.