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Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
[...] requires that revenue be recorded when earned and that expenses be recorded when incurred, irrespective of when the related cash movements occur.
Answer
?

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
[...] requires that revenue be recorded when earned and that expenses be recorded when incurred, irrespective of when the related cash movements occur.
Answer
Accrual accounting

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
[...] requires that revenue be recorded when earned and that expenses be recorded when incurred, irrespective of when the related cash movements occur.
Answer
Accrual accounting

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill


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