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Under the expense recognition principle, expenses are recorded a. when services have been purchased and the cash is yet to be paid. Ob. when
Under the expense recognition principle, expenses are recorded a. when services have been purchased and the cash is yet to be paid. Ob. when cash is received at the time the services are rendered. Oc. when cash is paid at the time the services are received. Od. in the same period that they generate revenue.
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