Question 22 (4 points) The cash basis of accounting recognizes revenue and expenses in the following circumstances: Revenue when cash is spent and expenses when incurred Revenue when cash is received and expenses when incurred Revenue when cash is received and expenses when cash is paid Revenue when earned and expenses when cash is paid B 1 Question 23 (4 points) Title II of the Sarbanes-Oxley Act encourages auditor independence by requiring the rotation of audit partners every three years if the auditor partner is the primary partner responsible for a particular audit client. True False Question 24 14 pointel