Team Shirts purchased T-shirts in July. The T-shirts were sold to ...

[leilurhhh]

Team Shirts purchased T-shirts in July. The T-shirts were sold to customers in August. Team Shirts received the final cash payments in September. According to the revenue-recognition principle, when should revenue be recorded?
 
  A) July
  B) August
  C) September
  D) both August and September

Question 2

Establishing a viable internal control system is primarily the responsibility of:
 a. the external auditors
  b. management
  c. programmers
  d. government authorities

[cassie_ragen]

Answer to Question 1

B

Answer to Question 2

B

[leilurhhh]

Gracias!

[parshano]

Excellent