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The accrual basis of accounting recognizes revenues when A. cash is received, and recognizes expenses when cash is paid. B. cash is received, and recognizes
The accrual basis of accounting recognizes revenues when
A. cash is received, and recognizes expenses when cash is paid.
B. cash is received, and recognizes expenses when the costs are incurred.
C. revenues are earned, and recognizes expenses when the costs are incurred.
D. revenues are earned, and recognizes expenses when cash is paid.
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