Multiple Choice
Otto's Tune-Up Shop follows the revenue recognition principle.Otto services a car on August 31.The customer picks up the vehicle on September 1 and mails the payment to Otto on September 5.Otto receives the check in the mail on September 6.When should Otto show that the revenue was recognized?
A) August 31
B) August 1
C) September 5
D) September 6
Correct Answer:
Verified
Correct Answer:
Verified
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