If a company bills a customer $10,000 for services rendered in January and the customer does not plan on paying the bill until February, is the revenue recognized in January or February?

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If a company bills a customer $10,000 for services rendered in January and the customer does not plan on paying the bill until February, is the revenue recognized in January or February?

If a company bills a customer $10,000 for services rendered in January and the customer does not plan on paying the bill until February, is the revenue recognized in January or February?

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