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1. In an accrual accounting system, revenues are recognized as goods are delivered or as services are rendered. (True / False) 2. Give a brief
1. In an accrual accounting system, revenues are recognized as goods are delivered or as services are rendered. (True / False)
2. Give a brief definition of revenue.
3. How are revenues measured?
4. List any three types of transactions normally processed by the revenue process.
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