On December 30, 2014, KPMG sings $150,000 contract to provide accounting services to one of its clients in 2015. KPMG has a December 31 years-end. Which accounting principles or assumption requires KPMG to record the accounting services revenue from this clients in 2015 not 2014?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On December 30, 2014, KPMG sings $150,000 contract to provide accounting services to one of its clients in 2015. KPMG has a December 31 years-end. Which accounting principles or assumption requires KPMG to record the accounting services revenue from this clients in 2015 not 2014?

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