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c. financing activities d. operating activities QUESTION 4 Cedarwood Apartments received six months' rent in advance on December 1, 2013. Under the accrual basis of accounting the income should be recognized 3 points Sive Answer a on December 31, 2013 b. at the end of the side-month period. c. when received d. when the tenant moves in. e. proportionately each month. QUESTION 5 3 points Save Answer In order for revenue to be recognized a. Cash or an asset virtually assured of being converted into cash must be recognized. b. Goods or services must be delivered and cash or an asset virtually assured of being converted into cash must be received c. Cash must be received. Save Al Answers Save and submit tine O YouTube Maps News - Outlook Question Completion Status: QUESTION 6 3 points The primary purpose of the statement of cash flows is to provide information a. about a company's cash receipts and cash payments during an accounting period, b. about a company's inventory purchases during an accounting period. regarding a company's financial position at the end of an accounting period. d. regarding the operating activities for a period of time QUESTION 7 3 points Save Answer The difference between gross sales and net sales is to reduce sale by a Dividends b. Sales Returns and Allowances c. Depreciation Expense d. Cost of Goods Sold QUESTION & 3 points Save As Which kind of decision is concerned with how to use cash or equire property, plant, and equipment? a. Investing decisions b. Operatine decisions Save Alwers Save and Suomi