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estion 19 yet wered A company gave a price quote to a client for services in February, performed the services in March, sent the client

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estion 19 yet wered A company gave a price quote to a client for services in February, performed the services in March, sent the client an invoice in April and got paid in May. In which month should the revenue be recognized? rked out of 0 Flag question O a. February Ob March O c. May O d. April A estion 18 ABC Company uses a perpetual inventory system and has the following inventory transactions: tyet swered Units Unit Costs Total Costs arked out of March 1 10,000 $9 $90,000 Beginning Inventory Flag question March 9 Purchases 12,000 $10 $ $120,000 March 12 Sales (20,000) March 18 Purchases 7,000 $11 $77,000 0 a $192,000 ob. $97,000 oc. $190,000 O d. $95,000 7

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