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What must the company do

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Reference no: EM133012528

Problem 1: A company provides services to clients during the period that are neither paid for, nor billed to the clients. What must the company do?

Select one:

a. All of the above are true

b. Accrue revenue by making an adjustment at the end of the period

c. Bill the client prior to year end in order to recognize the revenue

d. Record the revenues as a liability at the end of the year

Reference no: EM133012528

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