Business

Patience Holden

31 December, 00:38

Under the cash basis of accounting: a) revenue is recognized when services are performed. b) cash must be received before revenue is recognized. c) a promise to pay is sufficient to recognize revenue. d) expenses are matched with the revenue that is produced.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Under the cash basis of accounting: a) revenue is recognized when services are performed. b) cash must be received before revenue is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Flitter reported net income of $25,000 for the past year. at the beginning of the year the company had $215,000 in assets and $65,000 in liabilities. by the end of the year, assets had increased to $315,000 and liabilities were $90,000.

Melanie invested $12,200 at 4.8% interest compounded semiannually and she wants to know how much her investment will be worth in 8 years.

Blue Company owns 80 percent of the common stock of White Corporation. During the year, Blue reported sales of $1,000,000, and White reported sales of $500,000, including sales to Blue of $80,000.

Qhat are the three phases of human resources management? a. Recruiting, selecting, and developing b. Acquiring, maintaining, and developing c. Hiring, evaluating, and terminating d. Planning, training, and maintaining e.

Identify the four institutional sources of contract

New Questions in Business

How to make a promotional mix for a company

A. True b. False: before a computer can execute a program written in a high level language, such as c++, it must be translated into object code.

the market value of a property is $90,000 and is assessed at 35%. The annual taxes are $1,260. What is the tax rate?

Someone who likes building, designing, or creating things probably has a (n)

A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 shares authorized, 28,000 issued, and 27,500 shares outstanding. The total amount of the cash dividend is: Multiple Choice a.