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Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is

Athe cash basis principle.
Bthe adjusting principle.
Cthe revenue recognition principle.
Dthe income statement principle.

Verified Answer :

Hagrid

The right answer for the question that is being asked and shown above is that: "c. the revenue recognition principle. " Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is the revenue recognition principle. 

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