During May,2018,Sugar Inc

question 7

Multiple Choice

During May,2018,Sugar Inc.performs consulting services.The client does not pay Sugar until June,2018.

• A)Using the accrual basis of accounting,the revenue is reported in June 2018.
• B)Using the cash basis of accounting,the revenue is reported in May 2018.
• C)Using the accrual basis of accounting,the revenue is reported in May 2018.
• D)Using the accrual basis of accounting,the revenue is reported when Sugar's expenses are paid.

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