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What is accrual accounting? a Revenue is recognized when payments are received and expenses are recognized when incurred. b Revenue is recognized when earned and

  1. What is accrual accounting?

a

Revenue is recognized when payments are received and expenses are recognized when incurred.

b

Revenue is recognized when earned and expenses are recognized quarterly, when paid.

c

Revenue is recognized when payments are received and recognized monthly, when paid.

d

Revenue is recognized when earned and expenses are recognized when incurred.

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