In the Month of March, Baldwin received orders of 120 units at a price of $15.00 for
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Question:
In the Month of March, Baldwin received orders of 120 units at a price of $15.00 for their product Best. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 120 units in April. They received payment for 60 units in March, and 60 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
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