Current Attempt in Progress Which statement is not true concerning the accrual basis of accounting? O Revenue is recognized when services are performed. O GAAP requires the accrual basis for financial reporting. O Transactions are recorded when events occur. O Transactions are recorded when payment is made for the costs incurred.

Current Attempt in Progress Which statement is not true concerning the accrual basis of accounting? Revenue is recognized when services are performed. GAAP requires the accrual basis for financial reporting. Transactions are recorded when events occur. Transactions are recorded when payment is made for the costs incurred