Question: Fees for services provided are billed to a customer during 2012. The customer remits the amount owed in 2013. Discuss the matter of which year

Fees for services provided are billed to a customer during 2012. The customer remits the amount owed in 2013. Discuss the matter of which year the revenues are to be reported on the income statement under[a] the cash basis or [b] the accrual basis.

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