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Devin Scooter Company received a large order to sell 5 0 electric scooters at $ 6 0 0 each. The customer paid Devin the entire

Devin Scooter Company received a large order to sell

50

electric scooters at $

600

each. The customer paid Devin the entire

amount of $

30, 000

on May

1

.

When the cash was received Devin recorded revenue. The electric scooters will be delivered to

the customer on August

1

.

The basic assumption or broad accounting principle that is being violated by the company is

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