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On May 1, 2025, Sheffield Company enters into a contract to transfer a product to Eric Company on September 30, 2025. It is agreed that

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On May 1, 2025, Sheffield Company enters into a contract to transfer a product to Eric Company on September 30, 2025. It is agreed that Eric will pay the full price of $28,000 in advance on June 15, 2025. Eric pays on June 15, 2025, and Sheffield delivers the product on September 30, 2025. How much revenue does Sheffield recognize (a) June 15, 2025 and (b) September 30,2025

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