[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

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

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