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A flower shop makes a large sale for $1120 on November 30. The customer is sent a statement on December 5 and a check is

A flower shop makes a large sale for $1120 on November 30. The customer is sent a statement on December 5 and a check is received on December 10. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1120 considered to be recognized? November 30. December 5. December 10. O December 1.
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A flower shop makes a large sale for $1120 on November 30 . The customer is sent a statement on December 5 and a check is received on December 10. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1120 considered to be recognized? November 30 . December 5 . December 10 December 1

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