Under accrual basis, no adjustment is needed for the transaction with timing differenc

r to its client on April 10th, and receives the payment from its client on May 4th. The Revenue of the elevator under accrual basis should be recognized in ().

A、the month of February

B、the month of April

C、the month of May

D、the month of December

a cash basis taxpayer in 2018, but would not be recognized in 2018 by an accrual basis taxpayer？I.Checks received from customers for services rendered during November and December 2018.The checks are deposited in the bank account on January 4, 2019.II.Checks received from customers for services to be rendered during 2019.The checks are received in the morning mail and deposited in the bank account on December 31,2018.III.A check received from a customer for a service contract.The services under the contract are to be rendered over 24 months, beginning in January 2019.The check is deposited in the bank account on January 4,2018.()

A、Only statement I is correct

B、Only statements I and II are correct

C、Only statement III is correct

D、Only statements II and III are correct

E、Only statement II is correct.

A．Events that change a company’s financial statements are recorded in the periods in which the events occur．

B．Revenue is recognized in the period in which it is incurreD

C．This basis is in according with GAAP．

D．Revenue is recorded only when cash is received,and the expense is recorded only when cash is pai

D．

A.Collectingcashfromcustomers

B.Borrowingmoneyfromthebank

C.Purchasingofinventoryonaccount

D.Issuingstockforcash