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Which of the following statements about accrual accounting is true ? Multiple Choice A.Revenue is recorded only when cash is received. B. Expenses are recorded
Which of the following statements about accrual accounting is true ?
Multiple Choice
A.Revenue is recorded only when cash is received.
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B. Expenses are recorded when they are incurred.
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C. Revenue is recorded in the period when it is earned.
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D.Revenue is recorded in the period when it is earned and expenses are recorded when they are incurred.
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