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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
When does a company account for revenue if it uses cash basis accounting?
A) when cash is received, either prior to, at the time of, or after the services are performed
B) when the services are being performed
C) when services are performed, even though cash may be received at a later date
D) when cash is received after the service is performed
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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