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During November 2020, Tiger company, performs consulting services. The client does not pay for the service until January 2021. A. Using the accrual basis of
During November 2020, Tiger company, performs consulting services. The client does not pay for the service until January 2021. A. Using the accrual basis of accounting, the revenue is reported in January 2021. B. Using the cash basis of accounting, the revenue is reported in November 2020 C. Using the accrual basis of accounting, the revenue is reported in November 2020. D. Using the accrual basis of accounting, the revenue is reported when the expenses are paid.
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