The revenue recognition principle select one: a. is not in conflict with the cash method of accounting b. determines when revenue is credited to a revenue account c. states that revenue is not recorded until the cash is received d. controls all revenue reporting for the cash basis of accounting

b.

Explanation:

The revenue recognition principle determines when revenue is credited to a revenue account. Basically it states that revenue from a business or organization should be recognized and shown in the income statements as soon as it is earned, either through the transaction of a product or service. Instead of waiting for the money to be received or collected.

I hope this answered your question. If you have any more questions feel free to ask away at .

answer///supply is elastic, and demand is inelastic;