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Question 1 3.33 pts Revenue is recognized in the accounting period in which the performance obligation is satisfied best wigs with which answer choice? Periodicity

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Question 1 3.33 pts Revenue is recognized in the accounting period in which the performance obligation is satisfied best wigs with which answer choice? Periodicity assumption Expense recognition principle Revenue and expense recognition principle Revenue recognition principle Next No new data to save. Last checked at 4:05pm Sub MacBook Pro Question 2 Under the cash basis of accounting which of the following are correct (SELECT 2 CHECKBOXES). Revenues are recognized when services are performed; regardless of when cash is received Revenues are recognized when cash is received Expenses are recognized when incurred; regardless if cash is paid Expenses are recognized when cash is paid

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