TockTick Company provides tax services to its clients in the current accounting period. TockTick requires its clients to pay for the services at the time the services are provided. Which of the following is true? only under the cash basis of accounting would revenue be recorded in the current period only under the accrual basis of accounting would revenue be recorded in the current period revenue would be recorded in the current period under both the cash basis and accrual basis of accounting revenue would NOT be recorded in the current period under either the cash basis or accrual basis of accounting