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Muna Co. provided a service to a customer in 2019 but received the cash in 2020. Muna Co. recognizes this revenue in 2019. This action

Muna Co. provided a service to a customer in 2019 but received the cash in 2020. Muna Co. recognizes this revenue in 2019. This action is justified by:

Going concern

Full disclosure

Revenue recognition principle

Accrual concept

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