So far we have treated the cases in which 1. revenue is recognized in the same period

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So far we have treated the cases in which 1. revenue is recognized in the same period as the associated cash receipt, and 2. revenue is recognized before the associated receipt of cash.

There remains the case in which 3. revenue is recognized the associated receipt of cash.image text in transcribed

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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