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a bakery shop makes a large sale for $1,400 on november 30. the customer is sent a statement on december 5 and a check is
a bakery shop makes a large sale for $1,400 on november 30. the customer is sent a statement on december 5 and a check is received on december 10. the bakery shop follows GAAP and applies the revenue recognition principle. when is the $1,400 considered to be recognized?
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