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A&B Corporation provided services for a client in December of last year (2019). A&B Corporation...

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Accounting

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A&B Corporation provided services for a client in December of last year (2019). A&B Corporation invoiced the client in January 2020 of the current year. The client paid in February 2020. A&B Corporation has a tax year end December 31. Which of the following are accurate? Check all that apply. Check All That Apply IfA&B Corporation uses the cash-method of accounting, they will recognize the income in 2019 If A&B Corporation uses the cash-method of accounting, they will recognize the income in 2020 1 A&B Corporation uses the accrual-method of accounting, they will recognize the income in 2019 1 A&B Corporation uses the accrual-method of accounting, they will recognize the income in 2020

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