A&B Corporation provided services for a client in December of last year (2019). A&B Corporation invoiced the client in January 2020 of the current year. The client paid in February 2020. A&B Corporation has a tax year end December 31.

Which of the following are accurate? Check all that apply.

Check All That Apply

• If A&B Corporation uses the cash-method of accounting, they will recognize the income in 2019
• If A&B Corporation uses the cash-method of accounting, they will recognize the income in 2019
• If A&B Corporation uses the cash-method of accounting, they will recognize the income in 2020
• If A&B Corporation uses the cash-method of accounting, they will recognize the income in 2020
• If A&B Corporation uses the accrual-method of accounting, they will recognize the income in 2019
• If A&B Corporation uses the accrual-method of accounting, they will recognize the income in 2019
• If A&B Corporation uses the accrual-method of accounting, they will recognize the income in 2020