Q3-48. In which month should revenue be recorded? a. In the month that goods are ordered by

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Q3-48. In which month should revenue be recorded?

a. In the month that goods are ordered by the customer

b. In the month that cash is collected from the customer

c. In the month that the invoice is mailed to the customer

d. In the month that goods are shipped to the customer

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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