Question: Multiple Choice Question On May 1 , Cut Above, Incorporated, collected $ 3 , 0 0 0 from customers to mow their lawns in June.

Multiple Choice Question
On May 1, Cut Above, Incorporated, collected $3,000 from customers to mow their lawns in June. Under cash-basis accounting, revenues in May will equal:
$1,500
$3,000
$0
Multiple Choice Question On May 1, Cut Above, Incorporated, collected $3,000

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