6. Under the accrual basis of accounting, cash receipts and disbursements may _____ the period in which revenues and expenses are recognized. A. precede B. coincide with C. follow D. A or B E. A or B or C

6. Under the accrual basis of accounting, cash receipts and disbursements may _____ the period in which revenues and expenses are recognized. A. precede B. coincide with C. follow D. A or B E. A or B or C

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 3MC: Revenues and expenses must be recorded in the accounting period in which they were earned or...

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6. Under the accrual basis of accounting, cash receipts and disbursements
may _____ the period in which revenues and expenses are recognized.

A. precede
B. coincide with
C. follow
D. A or B
E. A or B or C

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