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10 Delivery of item sold for the purpose of revenue recognition is considered to have occurred when the customer takes title of ownership and sumes

10 Delivery of item sold for the purpose of revenue recognition is considered to have occurred when the customer takes title of ownership and sumes rics and True Faise QUESTION 11 Examples of unusual sales terms include franchise sales, bundled sales, and long-term deals with provisions of partial payments. True False QUESTION 12 An important inherent risk related to revenue is the timing of revenue recognition True False eds of ownendipimage text in transcribed

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