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