[Solved] Consider the Following Three Scenarios:

Question 93
Multiple Choice

Consider the following three scenarios:
I)ABC Lawncare performed lawn maintenance services for Drake Inc.on June 1st,and received payment of $500 for those services.
II)On June 1st,Melly Corp received payment for 100 pounds of raw material to be delivered to Drake Inc.in 6 months
III)Lodo,LLC collected cash on June 1st for services rendered on May 1st.
Given these scenarios,revenue can not be recognized on June 1st for

B)I only
C)II,III only
D)III only

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