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When should harvest recognize revenue from catering service

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Reference no: EM132776910

Problem 1: Balance sheet accounts are also known as which of the following?

a. Temporary accounts

b. Closing accounts

c. Real accounts

d. Nominal accounts

Problem 2: Harvest Catering is a local catering service. Conceptually, when should Harvest recognize revenue from its catering service?

a. On the date the meals are catered

b. On the date the customer places the order

c. On the date the customer's payment is received

d. On the date the invoice is mailed to the customer

Reference no: EM132776910

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