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What expense recognition is tied to revenue recognition

Assignment Help Financial Accounting
Reference no: EM132552250

Question 1: Expense recognition is tied to revenue recognition when

Option 1: cash has been received for the revenue

Option 2: efforts should be matched with accomplishments

Option 3: when there is a direct association with the costs incurred and when the revenue is recognized

Option 4: cash payments have been expended in the same accounting period

Reference no: EM132552250

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