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Nookie1986 [14]
3 years ago
11

If a company is using the accrual basis accounting method, when should it record its earned revenue?

Business
1 answer:
BigorU [14]3 years ago
4 0

Answer: b

Under the accrual basis of accounting, expenses are matched with the revenues related to it and/or are reported when the expense occurs, and not just when the cash is paid. The company should record its earned revenue when services are rendered. Payment may come at a later date.

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what should you do if you do not have or do not believe that you have the proper materials to safely perform your job?
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2 years ago
Aram has plans on going to Georgia Tech to study Biomedical Engineering. Which of the following is he MOST LIKELY attempting to
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The answer is D. a higher of standard of living.

Explanation:

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if i open a contract near market closing then close the contract next day does that count as day trade
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3 years ago
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Economists know it is best to track inflation because a. It distorts prices b. It distorts statistics about overall economic per
UkoKoshka [18]

Answer:

c. it makes prices rise

Explanation:

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5 0
3 years ago
Owen Company's unadjusted book balance at June 30 is $9,120. The company's bank statement reveals bank service charges of $50. T
Gala2k [10]

Answer:

$10,070

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The true cash balance is the balance having considered the effect of the transactions that have happened but are yet to be captured in the books.

Reviewing the transactions,

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= $10,070

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3 years ago
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