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Carlotta is a research assistant in the college sleep lab. As she monitors the EEG recording of a sleeping research participant in the lab, she notes the presence of theta brain waves, sleep spindles, and K complexes. Carlotta concludes that the subject is experiencing:
Cash Basis
Cash basis accounting is an accounting method where revenue and expenses are recorded only when cash is received or paid, respectively.
Sales Revenue
The income received by a company from its sales of goods or the provision of services.
Adjusting Entries
Accounting records entries registered at the conclusion of an accounting period for the purpose of assigning revenues and expenses to the period they truly took place.
Accrual Basis
A bookkeeping approach that logs income and expenses at the time they are accrued, without taking into account the timing of the cash flows.
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