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Franco, a consultant, uses the cash method for his business. Franco recently provided consulting services to his customer Nicky. When should Franco recognize income from
Franco, a consultant, uses the cash method for his business. Franco recently provided consulting services to his customer Nicky. When should Franco recognize income from his service?
Question options:
When Nicky gives the check to Franco
When Nicky receives an invoice from Franco for the service
When Nicky writes a check made payable to Franco
When Franco deposits Nicky's check
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