DFW Foundation Repair requires payment in-full one week before the job begins. If the company follows GAAP (accrual accounting) when is revenue for the job recorded? The day the foundation is repaired by DFW foundation Immediately after receiving the cash At the end of the month ❖ 1 1 point Hailey Corp paid $12,000 for one year of insurance on January 1. How much will Hailey record as an insurance expense on March 31st, adjustments are made at the end of each month? $10,000 $3.000 $1,000 $2,000 2 1 point Hailey Corp paid $12,000 for one year of insurance on January 1. How much will Hailey record as an insurance expense on March 31st, if no adjustments have been made in the last 3 months. (Note: Difference in last sentence) $1,000 $2,000 $10,000 $3,000