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When Does a Company Account for Earned Revenue If It

Question 1

Multiple Choice

When does a company account for earned revenue if it follows cash basis accounting?


A) When services are rendered, even though cash may be received at a later date
B) When cash is received after the service is completely rendered
C) When the services are being rendered
D) When cash is received, either prior to the services being rendered or at a time after the services are rendered

Correct Answer:

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