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2. Under which of the following revenue recognition models records would your record revenue after cash has been collected? A. Completion of Production B. Percentage
2. Under which of the following revenue recognition models records would your record revenue after cash has been collected?
A. Completion of Production
B. Percentage of completion
C. Installment method
D. Traditional (most common) Revenue Recognition principle
3. Which of the following expenses are usually reported using the rational and systematic allocation approach?
A. Cost of Goods Sold B. Interest Expense C. Warranty Expense
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