Question: Question Content Area When are sales recognized under the cash basis of accounting? When the cash is received before services are rendered.When the cash is

Question Content Area

When are sales recognized under the cash basis of accounting?

When the cash is received before services are rendered.When the cash is received for a sale.When the cash is received without regard to when the services are rendered.

When are expenses recognized?

When assets are held for saleWhen expenses are paid in cash

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