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If a Company Is Using the Accrual Basis Accounting Method,when

Question 74

Multiple Choice

If a company is using the accrual basis accounting method,when should it record its earned revenue?


A) when cash is received,even though services may be rendered at a later date
B) when services are rendered,even though cash may be received at a later date
C) when services are completely rendered and cash is received
D) when cash is received,30 days after the completion of the services

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