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    Financial Accounting Study Set 30
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    Exam 3: The Income Statement
  5. Question
    Revenue Is Always Recognized When Which of the Following Occurs
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Revenue Is Always Recognized When Which of the Following Occurs

Question 29

Question 29

Multiple Choice

Revenue is always recognized when which of the following occurs?


A) expenses are paid.
B) cash is collected.
C) it is earned.
D) the end of the period arrives.

Correct Answer:

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