On December $31,$ the year before, a company signed a one$-$year contract to provide services to a particular customer for $$12,000.$ The customer will pay for the services during January of the current year. Using the accial basis of accounting, when should the company recognize revenue?

le

On December $31,$ the current year, after all the services have been provided

b$)$ On December $31,$ the year before, when the contract is signed

c$)$

In January, the current year, when the cash is received

d$)$ Equally throughout the current year, as the revenue is eamed