Under the cash basis of accounting, revenues are recorded
a. when they are earned and realized.
b. when they are earned and realizable.
c. when they are earned.
d. when they are realized.
Ans: d. when they are realized.
Business
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Life insurance policies that have dividend payments are known as
A) term life policies. B) modified life policies. C) participating life policies. D) renewable life policies.
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If the optimistic time is 3, the most likely time is 5, and the pessimistic time is 7, then the expected time is
A) 6. B) 5. C) 15. D) 4.
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