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A beauty supply distributor makes a large sale for $2,000 on November 28. The customer is sent a statement on December 7 and a check
A beauty supply distributor makes a large sale for $2,000 on November 28. The customer is sent a statement on December 7 and a check is received on December 15. It uses accrual accounting.. When is the $2,000 considered to be recognized?
A) December 7
B) December 15
C) November 28
D) It is never recognized as a revenue
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