Unformatted text preview: $40,000 contract with a client to provide bookkeeping services to the client in the
following year. Which accounting principle would require Conrad Accounting
Services to record the bookkeeping revenue in the following year and not the year
the cash was received? 4 On December 15 of the current year, Conrad Accounting Services signed a 2/2 points awarded Multiple Choice O Monetary unit assumption. Going—concern assumption. Measurement (Cost) principle. Revenue recognition principle. 0 Business entity assumption. ...
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- Summer '08
- $40,000, bookkeeping services, Current Year, Conrad Accounting Services, Conrad Accounting