According to the revenue recognition principle,if a company provides services to a customer in the current year but does not collect cash until the following year,the company should report the revenue in the current year.

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According to the revenue recognition principle, revenue should be recognized in the period when it is earned, regardless of when the cash is received. Therefore, if the company provides services to a customer in the current year but does not collect cash until the following year, the revenue should still be recognized in the current year.

According to the Revenue Recognition Principle,if a Company Provides Services