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Multiple-Choice Exercise 5-2 When is revenue from the sale of merchandise normally recognized? a. When the customer pays for the merchandise. b. When the customer
Multiple-Choice Exercise 5-2 When is revenue from the sale of merchandise normally recognized? a. When the customer pays for the merchandise. b. When the customer takes possession of the merchandise. c. When the customer takes possession of the merchandise, if sold for cash, or when payment is received, if sold on credit d. Either on the date the customer takes possession of the merchandise or the date on which the customer pays
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