Question: Enabled: Examination I ( 3 ) Help Sove 8 Exit Sidemit Pegga Pig Company recognizes revenue in the period in which it records an asset

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Pegga Pig Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in the period in which the account receivable is collected in cash.

Pegga's practice is an example of:

Multiple Choice

Cash basis accounting.

Accrual accounting.

Economic entity.

The matching principle.

Enabled: Examination I ( 3 ) Help Sove 8 Exit

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