Question 11 (3.33 points) Assume Mercy Hospital uses accrual-based accounting under GAAP (Generally Accepted Accounting Principles). Which of the following statements is most correct? Supplies expense is recognized when medical supplies are delivered to the hospital by the vendor Patient service revenue is recognized when payment is received by the hospital from a third-party payer Salaries expense is recognized when payroll checks are written Patient service revenue is recognized when services are provided