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Answer only please and thank you! 1. How many of the following...

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Accounting

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1. How many of the following statements regarding the revenue recognition and matching principles are true? - According to the revenue recognition principle, a company should not record the revenue from a transaction until it is actually received in cash. - If payment is received at the time a service is provided, there is no difference between how cash and accrual accounting record the transaction. - The matching principle requires that expenses be determined first and then revenues are "matched" to those expenses. A. None B. One C. Two D. Three

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