Question
Kay Company receives a cash payment of $4,000 on November 12 for services it will perform...
Kay Company receives a cash payment of $4,000 on November 12 for services it will perform in December. According to the revenue recognition principle (accrual accounting), when will Kay Company recognize the revenue from these services?
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October. |
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December. |
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None of these answers. |
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November. |
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