c$23/$umidi$-$spring Requires Respondus

ted: Feb $25$ at $5$:$25pm$

jiz Instructions

Question $15$

Which statement is not true concerning the accrual basis of accounting?

$$ Transactions are recorded when payment is made for the costs incurred.

Transactions are recorded when events occur.

GAAP requires the accrual basis for financial reporting.

Revenueis recognized when services are performed.