Flyer CoBilled a Client for Flying Lessons Given in January

question 49

Multiple Choice

Flyer Co.billed a client for flying lessons given in January.The payment was received in February.Under the accrual basis of accounting,when should Jedi record the revenue?

• A)January
• B)February
• C)Some in January and some in February
• D)Jedi should not record any revenue

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Definitions:

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A measurement used in publications, particularly newspapers, to determine the amount of space allocated to content, advertisements, or articles.