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A dance studio accepts $1,500 to provide a series of dance lessons to a youth group during the month of July. The studio records the
A dance studio accepts $1,500 to provide a series of dance lessons to a youth group during the month of July. The studio records the revenue in July when the lessons take place. The studio Incurs rent, utilities, and salaries expenses in July related to the youth group's lessons. The studio records those expenses in August, when it pays for them. One or both of these decisions Multiple Chance are both examples of accrual accounting violate(s) the accounting equation violate(s) the matching principle violate(s) the revenue recognition princale
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