Author Question: The revenue recognition concept a. is not in conflict with the cash method of accounting. b. ... (Read 70 times)

gbarreiro · **on:** Jul 5, 2018

The revenue recognition concept
a. is not in conflict with the cash method of accounting.
b. determines when revenue is credited to a revenue account.
c. states that revenue is not recorded until the cash is received.
d. controls all revenue reporting for the cash basis of accounting.

Question 2

Service-sustaining costs are the costs of activities that managers cannot trace to individual services but that support the organization as a whole.

Indicate whether this statement is true or false.