A Company Provides Services to Clients During the Period That

Multiple Choice

A company provides services to clients during the period that are neither paid for, nor billed to the clients. What must the company do?

A) Bill the client prior to year-end in order to recognize the revenue.
B) Record the revenues as a liability at the end of the year.
C) Accrue revenue by making an adjusting entry at the end of the period.
D) All of the above are true.