Multiple Choice
Fang's Tune-Up Shop Ltd. 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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