1Z0-516 Exam Dumps | You are using the Event Based Revenue Management business rule for revenue recognition. Your company

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Question 123/379

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. May

B. April

C. July

D. June

E. August

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