Multiple Choice
Fang's Tune-Up Shop uses the accrual basis of accounting.Fang services a car on May 31.The customer picks up the vehicle on June 1 and mails payment to Fang on June 5.Fang receives the cheque in the mail on June 6.When would Fang recognize the revenue as being earned?
A) June 6
B) June 5
C) June 1
D) May 31
Correct Answer:
Verified
Correct Answer:
Verified
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