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In February, a company received an order from a customer for services to be provided at a later date. Those services were provided in March,
In February, a company received an order from a customer for services to be provided at a later date. Those services were provided in March, and the customer paid one third of the amount in March, April, and May. According to the revenue recognition principle, in which month or months should the company record revenue? A. February. B. March, April, and May, evenly. C. March. D. Evenly over the four months.
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