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According to accrual basis accounting, which of the following statements is true under either the revenue or expense recognition principle? Select one: Oa. Companies
According to accrual basis accounting, which of the following statements is true under either the revenue or expense recognition principle? Select one: Oa. Companies recognize revenue in the accounting period in which it is earned. O b. In a service business, revenue is earned at the time the service is performed. O c. Revenue may be recognized (recorded) before or after the business receives the cash from the customer. O d. All of the above statements are true.
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