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According to the revenue principle, revenues should be recognized when they are earned, which happens when the performs acts promised to the customer. For most
According to the revenue principle, revenues should be recognized when they are earned, which happens when the performs acts promised to the customer. For most businesses, this condition is met at the point of delivery of goods or Required: The following transactions occurred in September. For each of the transactions, if revenue is to be recognized in Septe the amount
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