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Kay Company receives a cash payment of $4,000 on November 12 for services it will perform in December. According to the revenue recognition principle (accrual

Kay Company receives a cash payment of $4,000 on November 12 for services it will perform in December. According to the revenue recognition principle (accrual accounting), when will Kay Company recognize the revenue from these services?

	October.
	December.
	None of these answers.
	November.

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