Fees for services provided are billed to a customer during 2009. The customer remits the amount owed

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Fees for services provided are billed to a customer during 2009. The customer remits the amount owed in 2010. During which year would the revenues be reported on the income statement under
(a) The cash basis?
(b) The accrual basis?

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Sep 05, 2011 06:37 AM

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Fees for services provided are billed to a customer during 2009. The customer remits the amount owed

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Under the cash basis the revenue w...View the full answer

Accounting

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