Question
3- An interim period is generally: a) more than one year, but less than the life of the company. b) more than one year. c)
3- An interim period is generally: a) more than one year, but less than the life of the company. b) more than one year. c) less than one year. d) half of the life of the company. 4- On December 15, 20X6, a company receives an order from a customer for services to be performed on December 28, 20X6. Due to a backlog of orders, the company does not perform the services until January 3, 20X7. The customer pays for the services on January 6, 20X7. The matching principle requires the revenue to be recorded by the company on: a) December 15, 20X6. b) January 3, 20X7. c) December 28, 20X6. d) January 6, 20X7
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