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Thomas Taylor, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. Taylor pays no costs
Thomas Taylor, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. Taylor pays no costs in March, $2,450 in April, and $2.156 in May (incurred in April). How much expense should the firm deduct from revenues in the month when it recognizes the revenue? Expense the should firm deduct from revenues
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