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If a Company Is Using the Cash-Basis Method of Accounting,when

Question 34

Multiple Choice

If a company is using the cash-basis method of accounting,when is revenue recorded?


A) When cash is received,at a time after the services were rendered
B) When services are rendered,even though cash may be received at a later date
C) When cash is received,either prior to the services being rendered or at a time after the services were rendered
D) When cash is received,prior to the services being rendered

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