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Tamika Went on a Shopping Spree and Bought Clothing, Shoes

Question 17

Multiple Choice

Tamika went on a shopping spree and bought clothing, shoes, and furniture with her credit card. When should she add these purchases to her cash flow statement?


A) She should record each purchase right after she makes it.
B) She should record all the purchases at the same time, at the end of the week she makes them.
C) She should record all the purchases at the same time, at the end of the month she makes them.
D) She should record the purchases as soon as she receives the bill but before she pays it.
E) She should record the purchases after she pays the bill for them.

Correct Answer:

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