Question
A dress shop makes a large sale for $ 1180 on November 30. The customer is sent a statement on December 5 and payment from
A dress shop makes a large sale for $ 1180 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.
When should the $ 1180 of revenue be recognized? December 1 November 30 December 10 December 5
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Financial Accounting For Executives And MBAs
Authors: Wallace, Simko, Ferris
4th Edition
1618531980, 9781618531988
