Which of the following best describes the revenue recognition principle? Pag 100 a. It determines when revenue
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Question:
- Which of the following best describes the revenue recognition principle? Pag 100
- a. It determines when revenue is credited to a revenue account.
- b. It states that revenue is not recorded until the cash is received.
- c. It is not in conflict with the cash method of accounting.
- d. It controls all revenue reporting for the cash basis of accounting.
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