Question: Define the revenue recognition principle. Select one: a. An expense must be recorded in the same accounting period in which it was used to produce

Define the revenue recognition principle. Select one: a. An expense must be recorded in the same accounting period in which it was used to produce revenue. b. Accounting takes place over specific time periods known as fiscal periods. c. Revenue can only be recorded (recognized) when goods are sold or services are performed. d. Accounting methods cannot be changed for the sole purpose of manipulating figures on the financial statements

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