Week 2 - Quiz: Chapters 3 & 4DueAug 7 at 11:59pmPoints10Questions10Time Limit720 MinutesAllowed AttemptsUnlimitedInstruc±onsA±empt HistoryAttemptTimeScoreLATESTAttempt 111 minutes9 out of 10Score for this attempt:9out of 10Submitted Aug 1 at 5:36amThis attempt took 11 minutes.Quiz: Chapters 3 & 4Complete the quiz on the assigned readings for the week. This quiz consists of ten multiple choice or true/false questions and isworth 2% of your course grade. You need to score an 80% (8 correct answers out of 10 questions) to pass and proceed onto thenext step. If you don’t pass the quiz at first you may take the quiz again to score the required 80%. Click on theTake the Quizbutton when you are ready to start this exam. When finished, click onSubmit Quiz. Good luck!Take the Quiz Again1 / 1 ptsQuestion 1The accrual basis of accounting means_______________________.sales are recorded as cash is receivedto accumulate over time, based on a natural observable increaseCorrect!
