Tony Galego, a lawyer, accepts a legal engage- ment in March, does the work in April, bills
Question:
Tony Galego, a lawyer, accepts a legal engage- ment in March, does the work in April, bills the client $8,000 in May, and is paid in June. If Galego's law firm prepares monthly financial statements, when should it recognize revenue from this engagement? Why?
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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