Fees for services provided are billed to a customer during 2007. The customer remits the amount owed
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Fees for services provided are billed to a customer during 2007. The customer remits the amount owed in 2008. During which year would the revenues be reported on the income statement under
(a) the cash basis?
(b) the accrual basis?
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Related Book For 
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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