Q6. The Revenue recognition principle requires that: A. Revenue be recorded at the time that it is earned regardless of whether cash or another asset has been exchanged. B. Revenue is recorded in the currency in which the company primarily operates c. Revenue is reported at the amount of cash it would cost to purchase the assets today D. Different knowledgeable individuals would reach consensus that the number represented in the financial statements is reasonable. Q7. Accounting involves designing: A. Information systems to provide useful reports to monitor and control an organization's activities B. An efficient warehouse to enable free flow of goods c. An effective transportation system to deliver products efficiently to customers D. Marketing programs to help manage customer demands and anticipate future inventory requirements