Tony Galego, a lawyer, accepts a legal en- gagement in March, performs the work in April, and

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Tony Galego, a lawyer, accepts a legal en- gagement in March, performs the work in April, and is paid in May. If Galego's law firm prepares monthly financial statements, when should it recognize rev- enue from this engagement? Why?

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Tony Galego, a lawyer, accepts a legal en- gagement in March, performs the work in April, and

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Financial Accounting Tools For Business Decision Making

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