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When payment is received before services have been performed. Orevenue is accrued until the service has been performed. a liability is recorded because there is

When payment is received before services have been performed.

Orevenue is accrued until the service has been performed.

a liability is recorded because there is an obligation to perform services in the future.

O a liability is recorded unless the services will be perforated within the next operating cycle.

Orevenue is recorded because the payment has been recerved

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