Schumacher Restorations specializes in restoring antique cars.Normally the company requires the customer to pay a deposit before proceeding with the restoration; the balance is due when the car is returned to the client.The car is not returned if the amount is not paid.Sometimes the cars are stored, for a fee, for the winter months before being returned to the client.When should Schumacher recognize the revenue from the restorations?
A) When the order is placed.
B) When the job is complete.
C) When the car is delivered.
D) When the cash is collected.
Correct Answer:
Verified
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