Reference no: EM132071081
1. According to the Accrual Basis accounting system
a. Revenues are reported when a critical event occurs and expenses reported when cash payments occur
b. Revenues are reported when a critical event occurs and expenses reported at the end of the year
c. Revenues are reported when cash payments are made and expenses when a critical event occurs
d. Revenues are reported when a critical event occurs and expenses reported when the associated revenues are reported
2. A business model describes what a business does, what it sells, and who it sells to. True or False
3. Financial analysis is used to predict the future of a business. true or false
4. Which of the following is NOT part of what a company's business model describes?
A. How to increase the customer base
B. What the company does
C. Who the company sells to
D. What products the company sell
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According to the accrual basis accounting system
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