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    Financial Accounting Study Set 4
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    Exam 3: Adjusting and Closing Entries
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    If Bloom Company Records Revenue When Cash Is Received,they Are
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If Bloom Company Records Revenue When Cash Is Received,they Are

Question 58

Question 58

Multiple Choice

If Bloom company records revenue when cash is received,they are using the:


A) cash basis of accounting.
B) accrual basis of accounting.
C) adjustment basis of accounting.
D) expense basis of accounting.

Correct Answer:

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