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Which of the following is true regarding the accrual basis of accounting? Group of answer choices a. Revenues are recognized as cash is received. b.

Which of the following is true regarding the accrual basis of accounting?

Group of answer choices

a. Revenues are recognized as cash is received.

b. Expenses are recognized as cash is paid.

c. The purchase of a building would be debited to an expense.

d. Revenue is recorded at the time the company performs the service.

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