You are using the Event Based Revenue Management business rule for revenue recognition.
Your company is on the calendar month for financial reporting. On April 12th of the current year, a
customer invoice of $1000 is imported. It has an acceptance clause of 60 days and a cancellation
clause of 120 days. On April 28th of the current year, a receipt of $1000 is applied against this
invoice. You would recognize revenue of $1000 in the month of _____.
A.
April
B.
May
C.
June
D.
July
E.
August