In Part 4 you learned that the revenues recognized in an accounting period were not necessarily associated

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In Part 4 you learned that the revenues recognized in an accounting period were not necessarily associated with the cash receipts in that period. If $1,000 of goods were delivered to a customer in May, and the customer paid cash for these goods in June, revenue would be recognized in [May / June].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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