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Under accrual accounting when is revenue recognized? a. When earned, and expenses when incurred. b. When earned, and expenses when cash is paid. c. When

Under accrual accounting when is revenue recognized?

a. When earned, and expenses when incurred.
b. When earned, and expenses when cash is paid.
c. When cash is received, and expenses when the costs are incurred.
d. When cash is received, and expenses when cash is paid.

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