Multiple Choice
A pool cleaning service signs a contract with a new customer on May 1.The pool is vacuumed and "shocked" for the customer on June 1,and the bill for the services is paid on July 1.Under the accrual basis,the business should recognize revenue on
A) December 31.
B) July 1.
C) June 1.
D) May 1.
Correct Answer:
Verified
Correct Answer:
Verified
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