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A company that sells merchandise to customers should normally recognize a . revenue and the related expenses in the period the revenue is earned, whether
A company that sells merchandise to customers should normally recognize
a revenue and the related expenses in the period the revenue is earned, whether payment is received or not.
b revenue only after the cash is collected.
c expenses in the period the merchandise is sold and revenue in the following period.
d both revenue and expenses in the period following the sale.
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