Business
Business, 13.02.2020 22:47, pr47723

Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on July 31. The customer picks up the bike on August 1 and mails the payment to Orange County on August 5. Orange County receives the check in the mail on August 6. When should Orange County show that the revenue was recognized?

a. July 31

b. August 1

c. August 5

d. August 6

d. Neither accrual-basis nor cash-basis accounting

answer
Answers: 1

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