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Problem 1: Using accrual accounting, revenues are recorded
a. when cash is received at the time services are performed or products have been delivered to customers
b. when cash is received without regard to when the services are performed or products have been delivered to customers
c. only if cash is received after the services are performed or products have been delivered to customers
d. when a service has been performed or products have been delivered to customers without regard to when cash is received
Financial Statement Analysis and Preparation
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