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A dress shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and payment from the

A dress shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and payment from the customer is received on December 10. The dress shop follows GAAP and recognizes revenue accordingly. When is the $1,000 considered to be earned?

a) December 5

b) December 10

c) December 1

d) November 30

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