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Question 41 (4 points) When you have an idea the best way to go about raising money to get your idea going is to take

Question 41 (4 points)

When you have an idea the best way to go about raising money to get your idea going is to take out a loan from a bank.

Question 41 options:

1) True
2) False

Question 42 (4 points)

When is revenue recognized in the accrual accounting method?

Question 42 options:

1) When the product is shipped and the invoice is mailed
2) When actual cash is received from customers
3) When the invoice is received from the supplier
4) When the customer pays through a credit card
5) None of these are correct

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