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Mathematics, 17.03.2020 16:33 azaz1819

A flower shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and a check is received on December 10. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1,000 considered to be recognized?

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A flower shop makes a large sale for $1,000 on November 30. The customer is sent a statement on Dece...
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