17992/quizzes/secured#lockdown Question 22 Under the accrual basis of accounting: O net income is calculated by matching cash outflows against cash inflows. 1 pts O revenue and expense events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received. services must be provided before cash is received. the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles. O cash must be received before revenue is recognized. 1.nts