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ABC Company purchases inventory on account from XYZ; ABC records the cost of the inventory purchase: when the order is placed when the invoice is
ABC Company purchases inventory on account from XYZ; ABC records the cost of the inventory purchase:
when the order is placed | ||
when the invoice is received | ||
when the merchandise has been delivered | ||
on the purchase date specified in the purchase agreement | ||
when legal title passes from XYZ to ABC |
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