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    Financial Accounting Study Set 11
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    Exam 3: Accrual Accounting Income
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    With an Accrual of Revenue
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With an Accrual of Revenue

Question 20

Question 20

Multiple Choice

With an accrual of revenue:


A) the cash is received after the revenue is recorded.
B) the cash is received before the revenue is recorded.
C) plant assets can create an accrual adjustment.
D) prepaid expenses can create an accrual adjustment.

Correct Answer:

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