The requirement to report accounting information at regular intervals is known as the:
A) interim reporting concept.
B) revenue principle.
C) time-period concept.
D) expense recognition principle.
Correct Answer:
Verified
Q19: Under cash-basis accounting,no journal entry is recorded
Q20: Under cash-basis accounting,accounts receivable is increased when
Q21: Cash-basis accounting does NOT record:
A)purchase of supplies
Q22: Expenses are the costs of assets used
Q23: The expense recognition principle recognizes expenses in
Q25: On July 25,Henry Company's accountant prepared a
Q26: Wilde Company earned revenues of $170,000 in
Q27: Under the revenue recognition principle,you can recognize
Q28: An interim period used for reporting purposes
Q29: Under cash-basis accounting,cash receipts are treated as
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