MC1 According to the Revenue Recognition Principle: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Revenues are recorded only at the end of the period. b Revenues are recorded when a price has been determined. Revenues are recorded when they are earned. Revenues are recorded when cash is paid. TF1 One of the purposes of accounting is to communicate business activity. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a True b False