Under the Accrual Basis of Accounting

Under the accrual basis of accounting

A) cash must be received before revenue is recognized.
B) net income is computed by
C) events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.
D) the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles.