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Accounting Crash Course with correct answers 2025/2026

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Accounting Crash Course with correct answers 2025/2026

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Accounting Crash Course
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Accounting Crash Course
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Accounting Crash Course

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September 22, 2025
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2025/2026
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  • accounting crash course with correct answers 2025

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Accounting Crash
Course with correct
answers 2025/2026



Revenues are recognized... and expenses are recognized... - Correct answerwhen the economic
exchange occurs; when the associated revenues are recognized



Cash accounting is used for what companies? - Correct answerCompanies with revenues under
$1 million or maybe $10 million in certain circumstances



Gross Profit - Correct answerNet Sales - COGS



SG&A Examples - Correct answerCorporate office supplies, executive's trip to Asia, cashier at
Apple, rental space at consulting firm
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