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Indicate which situations would require Zenda Company to record revenue in the current period.

User Ejjyrex
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1 Answer

1 vote

Answer:

c & d

Step-by-step explanation:

Option includes "a. Zenda is paid in advance for services to be performed in the next period. b. Zenda signs a contract with a customer to perform services in a future period. c. Zenda performs services for cash. d. Zenda performs services on account."

Only Zenda Company performance of services for cash and on account will be recognized and will be recorded as revenue in the current period.

User Jrsconfitto
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