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Exercise for Unit 2 On September 20, 2022, a public company received an order from a customer for services to be performed on Sept. 30,
Exercise for Unit 2
On September 20, 2022, a public company received an order from a customer for services to be performed on Sept. 30, 2022. Due to a backlog of orders, the company does not perform the services until October 6, 2022. The customer pays for the services on Oct. 17, 2022. When should revenue be recorded for the company? Why?
Exercise for Unit 2
On September 20, 2022, a public company received an order from a customer for services to be performed on Sept. 30, 2022. Due to a backlog of orders, the company does not perform the services until October 6, 2022. The customer pays for the services on Oct. 17, 2022. When should revenue be recorded for the company? Why?
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