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    Fundamental Accounting Principles Study Set 7
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    Exam 3: Adjusting Accounts for Financial Statements
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    The Accounting Principle That Requires Revenue to Be Reported When
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The Accounting Principle That Requires Revenue to Be Reported When

Question 136

Question 136

Multiple Choice

The accounting principle that requires revenue to be reported when earned is the


A) Matching principle.
B) Revenue recognition principle.
C) Going concern principle.
D) Cost principle.
E) Timeliness principle.

Correct Answer:

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