Cash for merchandise delivered to the customer in 2010 is received in 2011. Using the accrual basis of accounting, the revenue should appear on:
A) the 2010 income statement.
B) the 2011 income statement.
C) neither the 2010 nor the 2011 income statement.
D) both the 2010 and 2011 income statements.
Correct Answer:
Verified
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