n > ACC 311-Intermediate Financial Accounting 1 (Ruba Hamed) Sem-20202 Sec 155-134 > Ch. 2: Conceptual Frarr Question 6 Not yet answered Marked out of 1.00 p Flag question Choose the related item that best completes the following sentence: Cash received and paid is not the basis used to recognize revenues and expenses. Select one: a. Accrual-basis assumption. b. Historical cost principle. c. Fair value principle. Previous page