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    Financial Accounting Study Set 19
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    Exam 3: The Accounting Cycle: End of the Period
  5. Question
    The Revenue Recognition Principle States That We Record Revenue in the Period
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The Revenue Recognition Principle States That We Record Revenue in the Period

Question 111

Question 111

True/False

The revenue recognition principle states that we record revenue in the period in which we collect cash.The revenue recognition principle states that we record revenue in the period in which we earn it.

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