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The revenue recognition principle requires that revenue be recorded: In the same period as the expenses incurred. When the goods or services are provided to
The revenue recognition principle requires that revenue be recorded:
In the same period as the expenses incurred.
When the goods or services are provided to customers.
When the cash is received for the goods or services provided to customers.
In whatever accounting period the company chooses.
When the company is assured that the customer will pay for the goods or services.
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