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