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Hippo Company provides $5 million of advertising development services on account to a large, existing customer who has previously purchased similar amounts of services and
Hippo Company provides $5 million of advertising development services on account to a large, existing customer who has previously purchased similar amounts of services and has always paid on time. The company then decides to credit $5 million to revenue. This decision:
Multiple Choice
violates the condition that collectability be reasonably assured.
violates the condition that measurability be reasonably certain.
does not violate any of the conditions of the revenue principle.
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