According to the Revenue Recognition Principle, revenues are recognized A : when a company provides a service. B : when a customer pays for a service. C : when the customer acknowledges that the service was provided. D : when the company makes an obligation to provide a service.

Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is