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In which of the following transactions would it NOT be appropriate to recognize an asset in the financial statements? SGG receives a firm commitment from
In which of the following transactions would it NOT be appropriate to recognize an asset in the financial statements? SGG receives a firm commitment from another company to purchase goods from SGG. SGG pays $10,000 to a lawyer for services to be provided next year. SGG provides services to another company, but will not be paid until after year end. A customer of SGG makes a deposit of $1,500 for goods to be custom-made. OOOO
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