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    Accounting Principles
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    Exam 3: Adjusting the Accounts
  5. Question
    An Expense Is Recorded Under the Cash Basis Only When
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An Expense Is Recorded Under the Cash Basis Only When

Question 183

Question 183

Multiple Choice

An expense is recorded under the cash basis only when


A) services are performed.
B) it is earned.
C) cash is paid.
D) it is incurred.

Correct Answer:

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