On December 31, 2019, a Company Signed a One-Year Contract

Multiple Choice

On December 31, 2019, a company signed a one-year contract to provide services to a particular customer for $12,000. The customer will pay for the services during January 2020. Using the accrual basis of accounting, when should the company recognize revenue?

A) In January 2020, when the cash is received.
B) On December 31, 2020, after all services have been provided.
C) Equally throughout 2020, as the revenue is earned.
D) On December 31, 2019, when the contract is signed.