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QUESTION 14 Colbert operates a catering service on the accrual method. In November of year 1, Colbert received a payment of $9,000 for 3 months

QUESTION 14 Colbert operates a catering service on the accrual method. In November of year 1, Colbert received a payment of $9,000 for 3 months of catering services to be rendered from August 151 of year 1 through January 31st of year 3. When must Colbert recognize the income in this accounting methods are selected to minimize income recognition?
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