Multiple Choice
Wong's Tune-Up Shop uses the cash basis of accounting.Wong services a car on May 31.The customer picks up the vehicle on June 1 and mails payment to Wong on June 5.Wong receives the cheque in the mail on June 6.When would Wong 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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