A)Revenue Should Be Recorded in the Accounting Period When ________________________

Short Answer

a)Revenue should be recorded in the accounting period when ________________________ ________________________.
If a cost is directly related to earning revenue it should be recorded as an expense in the accounting period when _____________________________________________.
If the there is no direct association between the cost and the revenue but the company will benefit from a cost over several years, the cost should be recognized as expense in the accounting period when _____________.

If the benefit from a cost is fully used in the current period it should be recognized as expense in the accounting period when ________________________.