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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 1: Introduction to Business Activities and Overview of Financial Statements and the Reporting Process
  5. Question
    _____ Refers to Converting a Noncash Item to Cash, for Example
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_____ Refers to Converting a Noncash Item to Cash, for Example

Question 111

Question 111

Multiple Choice

_____ refers to converting a noncash item to cash, for example, collecting an account receivable.


A) Actualization
B) Recognition
C) Realization
D) Materialization
E) Transformation

Correct Answer:

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