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A company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in the period in which
A company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in the period in which the
account receivable is collected in cash. This company is using:
Accrualbasis accounting.
The entity assumption.
Cashbasis accounting.
The recording principle.
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