Question: On December 1 5 , 2 0 2 4 , Summit Consulting Group signed a $ 7 5 , 0 0 0 contract with a

On December 15,2024, Summit Consulting Group signed a $75,000 contract with a client to provide consulting services in 2025. Which accounting principle would require Summit Consulting Group to record the consulting fees revenue in 2025, and not 2024?
Group of answer choices
Business entity principle
Going-concern principle
Monetary unit principle
Revenue recognition principle
Matching principle

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