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A customer orders 3 0 0 laptops on November 2 1 . The signed sales contract arrives on November 2 2 . The computers are

A customer orders

300

laptops on November

21 .

The signed sales contract arrives on November

22 .

The computers are shipped FOB

destination on November

25

and received by the customer on December

2 .

When should the sale be recognized, assuming the

company uses the earnings approach for revenue recognition?

December

2

November

22

November

21

November

25

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