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When a revenue or an expense event is recognized after cash has been exchanged it is referred to as Multiple Choice an accrual a deferral
When a revenue or an expense event is recognized after cash has been exchanged it is referred to as Multiple Choice an accrual a deferral either an accrual or deferral neither of these terms describe this event
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Financial & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
