Silver agreed in January to buy an automobile for delivery in March. Because in January the sale

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Silver agreed in January to buy an automobile for delivery in March.

Because in January the sale of this automobile is uncertain, accounting

[does / does not] recognize the revenue in January. If Jones does accept delivery in March, accounting recognizes r _____ in March.

This is a [conservative / risky] way to account for the transaction.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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