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Can you answer that for me and explain why? 17. A. The principal of revenue recognition in accounting refers to: Revenue should be recognized in
Can you answer that for me and explain why?
17. A. The principal of revenue recognition in accounting refers to: Revenue should be recognized in the period payments are received. The cash basis of accounting. | Revenue is recorded when the company is assured that payment will be received in the future for services rendered. | Revenue is recognized in the period services have been performed. None of the choices are correct. EStep by Step Solution
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