What are the accounting requirements for a correct sales cutoff? group of answer choices
a. a shipment should be recorded as a sale when the merchandise is received by the purchaser
b. a shipment should be recorded as a sale when the risks of ownership transfer to the buyer and collectability is reasonably assured
c. a shipment should be recorded as a sale when the mechandise is shipped
d. a shipment should be recorded as a sale when the payment for the merchandise has been received by the seller
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