7. One of the accounting assumptions indicates that measuring and recognizing income should be based on the the occurrence of the sale transaction (i.e. delivering the goods sold) rather than money received: * (1 Point) Accrual Basis Monetary Unit Measurement Full Disclosure 8. Which of the following is best describe Yahoo, Inc. when it recognizes depreciation expense for a machine over the 2-year period during which that machine helps the company earn revenue: * (1 Point) Measurement Expense Recognition Full Disclosure Revenue Recognition Activate Windows Go to Set