When are revenues and expenses recognized in the same accounting period that cash receipts and payments occur?
a. Under the cash basis of accounting
b. Under the accrual basis of accounting
c. Under the adjusting method of accounting
d. Under both the cash and accrual bases of accounting
a
You might also like to view...
To sign the back of a check with just the name of the payee is an example of a
a. restrictive endorsement; b. signature card; c. blank endorsement; d. canceled check; e. legal requirement.
Which of the following situations is most likely to produce a heart attack?
A. The tight junction has ripped and is allowing ions to leak through the membrane lining the heart. B. The gap junctions have collapsed and they do not allow the correct flow of ions from one cell to the next. C. The cell walls have broken down and are not able to support the heart. D. The plasmodesmata have collapsed and they do not allow the correct flow of ions from one cell to the next.
Stress basically comes from two basic sources which are
A. physical and emotional activity. B. mental impairment and outside influences. C. family and friends. D. emotional distress and work overload.
Property of a person who dies without a will is distributed according to intestacy laws
Indicate whether the statement is true or false