22) Which of the following are in accordance with generally accepted accounting principles? Accrual basis accounting a. b. c. d. Cash basis accounting Both accrual basis and cash basis accounting Neither accruals basis nor cash basis accounting 23) The revenue recognition principle dictates that revenue should be recognized in the accounting records a. b. c. d. When cash is received When it is earned At the end of the month In the period that income taxes are paid. 24) In service type business, revenue is considered earned a. At the end of month b. c. d. At the end of year When the service is performec When cash is received 25) A company spends $15 million dollars for an office building. Over what period should the cost be written off? a. When the $15 million is expended in cash All in the first year over the useful life of the building After $15 million of revenue is earned. b. c, d