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If a Company Is Using Accrual Basis Accounting,when Should It

Question 121

Multiple Choice

If a company is using accrual basis accounting,when should it record revenue?


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

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