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Accrual Accounting Company A's fiscal year is Jan 1 to Dec 31. Company A provides service to a client on December 15, 2019 and collects
Accrual Accounting Company A's fiscal year is Jan 1 to Dec 31. Company A provides service to a client on December 15, 2019 and collects the payment on January 10, 2020. When should Company A recognize revenue? Company A pays $9,000 on October 1, 2019 to rent office space. Company A will occupy this office space from December 1, 2019 to February 28, 2020 (3 months). When should Company A recognize rent expense
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