Solved

When Does a Company Account for Revenue If It Uses

Question 132

Multiple Choice

When does a company account for revenue if it uses cash basis accounting?


A) when services are performed, even though cash may be received at a later date
B) before services are performed
C) when the services are being performed
D) when cash is received, either prior to, at the time of, or after the services are performed

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions