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Business, 06.08.2019 00:10 Suttyyyyyybear6056

In year 1, costello company performed work for a customer and billed the customer $14,000. in year 2, the customer pays costello company for the services it rendered in year 1. in year 1, the company incurred $6,000 of wage expense, but it did not pay the employees until year 2. if costello company uses the cash-basis of accounting, then it will report(a) revenue of $14,000 and expense of $6,000 in year 2. (b) revenue of $14,000 in year 1 and expense of $6,000 in year 2. (c) no revenue or expenses in either year. (d) revenue of $14,000 and expense of $6,000 in year 1. (e) revenue of $14,000 in in year 2 and expense of $6,000 in year 1.

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In year 1, costello company performed work for a customer and billed the customer $14,000. in year 2...

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