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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
- 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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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
