During May, $2025,$ Sugar Incorporated performs consulting services. The client does not pay Sugar until June, $2025.$

Multiple Choice

Using the accrual basis of accounting, the revenue is reported when Sugar's expenses are paid.

Using the cash basis of accounting, the revenue is reported in May $2025.$

Using the accrual basis of accounting, the revenue is reported in June $2025.$

Using the accrual basis of accounting, the revenue is reported in May $2025.$