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A retail store sells and delivers merchandise to a customer in June with no payments and no interest for 6 months. Based on this information,
A retail store sells and delivers merchandise to a customer in June with no payments and no interest for 6 months. Based on this information, when would the company recognize revenue?
Group of answer choices
Evenly recognized over 6 months
Recognize the entire amount in 6 months when payment is received
In June, when the sale is made
No revenue recognized
None of these are correct.
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