Question
13-On May 15, Taylor Corporation enters into a contract to deliver $6,500 of merchandise on account to Craft Company. Taylor's cost of this merchandise is
13-On May 15, Taylor Corporation enters into a contract to deliver $6,500 of merchandise on account to Craft Company. Taylor's cost of this merchandise is $5,500. Taylor delivers the merchandise to Craft on June 29. Taylor's fiscal year end is May 31. On which date would Taylor recognize the revenue?
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
