Which of the following is true of accrual basis accounting?
A) Expenses are recognized either when they are incurred or cash is paid.
B) Revenue is recognized when a customer pays cash.
C) Expenses are recognized when they are incurred.
D) Revenue is recognized when a customer pays cash or shows interest to purchase the product or service.
C
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A person who holds the position of _____ must have both technical understanding of current and developing information technologies and business knowledge.
Fill in the blank(s) with the appropriate word(s).
Anticipatory repudiation occurs when one contracting party informs the other that he or she will not perform his or her contractual duties when due
Indicate whether the statement is true or false
The RULPA specifies the events that will trigger a dissolution, after which the partnership affairs must be liquidated. These events include which of the following?
a. The expiration of the time period specified in the certificate. b. The unanimous written consent of all the partners. c. A limited partner's withdrawal from the partnership. d. The expiration of the time period specified in the certificate and the unanimous written consent of all the partners.
Which of the following defines the set of customer needs that a company seeks to satisfy through its products and services?
A) Competitive strategy B) Product development strategy C) Marketing and sales strategy D) Supply chain strategy