Multiple Choice
The Fireside Country Inn is a very popular destination for tourists.The Inn requires guests to make reservations at least two months in advance of their stay.A twenty percent down payment is required at the time the reservation is made.When should this inn recognize room rental revenue?
A) On the date the reservation is received
B) On the date the money for the reservation is received
C) On the date the guests stay in the inn
D) On the date the guests pay the remaining eighty percent due
E) Once all cash has been received
Correct Answer:
Verified
Correct Answer:
Verified
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