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An automotive service business follows GAAP. It services a car on May 31. The customer picks up the vehicle on June 1 and mails payment
An automotive service business follows GAAP. It services a car on May 31. The customer picks up the vehicle on June 1 and mails payment to the business on Jun 17. Due to a postage strike, the payment was not received in the mail until July 2. In which month would it recognize the revenue? May June July
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