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Consider the following three soenarios: ABC Lawncare performed lawn maintenance services for Drake lncorporated on June 1 s t , and received payment of $
Consider the following three soenarios:
ABC Lawncare performed lawn maintenance services for Drake lncorporated on June and received payment of $ for those services.
II On June Melly Corporation received payment for pounds of raw material to be delivered to Drake Incorporated in months.
iiI. Lodo, LLC collected cash on June for services rendered on May
Given these scenarios, revenue cannot be recognized on June for:
Multiple Choice
I only
I, II
II III only
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