Quiz Chapter 9.docx - Quiz Chapter 9 Saved The first...

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Quiz Chapter 9 Saved 1) The first caption in most income statements in annual reports is: 1 Point gross sales net sales earned revenues sales, less sales returns and allowances
Saved 2) Gains differ from revenues because gains: 1 Point
Saved 3) Under most circumstances, in order to recognize revenue: 1 Point
Saved 4) The concept of matching revenue and expense refers to the fact that: 1 Point
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