
INTERMEDIATE ACCOUNTING(LL)+ACCESS
17th Edition
ISBN: 9781119503583
Author: Kieso
Publisher: JOHN WILEY+SONS INC.
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Sunshine Traders uses the accrual basis of accounting. If it provides services worth $5,000 in March but receives payment in April, when should the revenue be recognized? (a) Only when the cash is received (b) April (c) March (d) May
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