Which one of the following is not an application of revenue recognition?
A) Recording revenue as an adjusting entry on the last day of the accounting period.
B) Accepting cash from an established customer for services to be performed over the next three months.
C) Billing customers on June 30 for services completed during June.
D) Receiving cash for services performed.
Correct Answer:
Verified
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A) As long as
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A) straight
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A) an expense account.
B) an
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