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Knowledge Check 01 During a discount sale, Larry buys a CD from Best Buy. Rather than paying cash, Larry uses his Best Buy card to

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Knowledge Check 01 During a discount sale, Larry buys a CD from Best Buy. Rather than paying cash, Larry uses his Best Buy card to buy the CD on account. Under the accrual basis of accounting, when will Best Buy record revenue from this sale? Multiple Choice O after cash is received O O after the discount period is over O at the time of sale O in the next accounting period O

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