Kenneth Clark, a lawyer, accepts a legal engagement in March, performs the work in April,...
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Accounting
Kenneth Clark, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. Clark pays no costs in March, $2,800 in April, and $2,464 in May (incurred in April). How much expense should the firm deduct from revenues in the month when it recognizes the revenue? Expense the should firm deduct from revenues TA $
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