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Which of the following statements is incorrect ? Select one: A.Revenues can be recognized if cash collection is uncertain. B.Revenues can be recognized before cash
Which of the following statements is incorrect?
Select one:
A.Revenues can be recognized if cash collection is uncertain.
B.Revenues can be recognized before cash is collected.
C.Expenses can be recognized after the cash outflow occurs.
D.Expenses can be recognized before the cash outflow has occurred.
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