Goods (such as shoes) are tangible products. Services (such as repairing computers) are intangible products. Both goods

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Goods (such as shoes) are tangible products. Services (such as repairing computers) are intangible products. Both goods and services are products. Thus, the general rule is that revenue from a product is recognized when the product is [manufactured / contracted for / delivered].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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