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Use the following to answer 7 8 Following is a February transaction for a company. Calculate the amount of revenue to recognize in February. In
Use the following to answer 7 8
Following is a February transaction for a company. Calculate the amount of revenue to recognize in February.
In February the company received $100,000 cash from customers for services; $90,000 was provided this month and $10,000 was provided last month.
- Accrual basis revenue: $__________
- Cash basis revenue: $_____________
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