Question
On June 1st, Lucy & Bros received an order for 500 cupcakes. A non-binding contract was faxed by Luoy the customer and faxed back with
On June 1st, Lucy & Bros received an order for 500 cupcakes. A non-binding contract was faxed by Luoy the customer and faxed back with signatures on June 2nd. Lucy delivered the cupeakes to the client on June 25th. A $50 deposit was received on June 5th and the remaining $450 was paid on June 30th. Lucy likely would recognize revenue on
A:June 2nd B:June 30th C:June 25th D:June 5th E: June 1st
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
