Question: Question o ( ? ? ? points ) Which of the following is net a claracteristic of the accnal basis of accousting? a ) Revenues
Question o points
Which of the following is net a claracteristic of the accnal basis of accousting?
a Revenues and expenses are reported in the period in which cash is received or paid.
b Revenues are reported on the income statemest is the period in which they are earned.
c The accrual basis of accounting supports the matching concept.
d Expenses are reported in the same period as the revenses to which they relate.
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