Which situation should result in revenue recognition on the income statement for the year ending 12/31/14 if the firm is using accrual-basis accounting? YOUR ANSWER In 2014, a company enters into a contract whereby it agrees to provide services to a customer next year (2015). In 2014, a company collects cash from a customer for services it will provide next year (2015). In 2014, a company provides services to a customer for which cash will be collected the next year (2015). In 2014, a company collects cash from a customer for services it provided in the previous year (2013)