I wouldn't be able to recognize the revenue in the current year. But I would be able
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Question:
I wouldn't be able to recognize the revenue in the current year. But I would be able to in the next year when the customer will receive shipment. The reason I wouldn't be able to recognize the revenue in the current year is that I will have ownership of the shipment until it gets shipped to the customer in the next year. Once the customer has ownership, I can now recognize the revenue but in the next year once he receives the shipment when they have space in their warehouse.
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