# Only final answers plz 21. The accounting basis that records revenues when goods or services are...

###### Question:

21. The accounting basis that records revenues when goods or services are provided to customers and expenses with related revenues is referred to as: A. Cash-basis. B. Matching-basis. C. Accrual-basis. D. Reporting-basis. 22. Consider the following events for Sophia Incorporated: April 6 April 12 April 21 April 23 Sophia advertises music lessons for $20 a person. Sophia receives$600 from customers, in advance, for music lessons. Sophia teaches the music lessons. Sophia pays for the salaries of her employees. Under accrual basis accounting, what is the appropriate day to record the revenues from the music lessons A. April 6. B. April 12. C. April 21. D. April 23. 23. Consider the following events for Sophia Incorporated: April 6 April 12 April 21 April 23 Sophia advertises music lessons for $20 a person. Sophia receives$600 from customers, in advance, for music lessons. Sophia teaches the music lessons. Sophia pays for the salaries of her employees. Under cash-basis accounting, what is the appropriate day to record the revenues from the music lessons? A. April 6. B. April 12. C. April 21. D. April 23. 24. Making insurance payments in advance is an example of a(n): A. Accrued revenue. B. Accrued expense. C. Deferred revenue D. Prepaid expense.

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