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Using accrual accounting rules, ABC Co. receives a deposit of $2,000 on January 1, 2022, for services it will provide in March 2022. At the
Using accrual accounting rules, ABC Co. receives a deposit of $2,000 on January 1, 2022, for services it will provide in March 2022. At the end of March, the services are delivered to its customer. How much in revenue does it recognize in March 2022?
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According to accrual accounting principles ABC Co would recognize 2000 in revenue in March 2022 ...
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
