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Cu 1: (1 im) During June 2020, Jackson Ltd provided $18,000 of services to its customers. The $18,000 had been received during May 2020. Required:

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Cu 1: (1 im) During June 2020, Jackson Ltd provided $18,000 of services to its customers. The $18,000 had been received during May 2020. Required: Using the definition and recognition criteria of liability, explain why the services provided are treated as liability for May 2020

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