ABC Company is does plumbing. In 202 they repaired a drain pipe and charged $200....
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Accounting
ABC Company is does plumbing. In 202 they repaired a drain pipe and charged $200. The customer paid the plumber $200 in 203. When does ABC report revenue under accrual accounting? Neither year 202 203 Both years Question 2 ABC Company rents offices to tenants. In December 201 they collected $1000 rent in advance. The tenant will occupy the office in 202. In what year will ABC (who is the landlord) report rent revenue? 201 202 Both years Neither year
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