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C1-9, The Codification: Revenue Recognition A manager for a new company with which you are consulting states, We will soon be making sales, and I

C1-9, "The Codification: Revenue Recognition"

A manager for a new company with which you are consulting states, We will soon be making sales, and I was wondering when we should recognize the revenue from these sales?

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Search the Codification and provide an answer for the manager that summarizes the related GAAP. Include a Codification reference number for verification.

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