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Posted on Jun 28, 2024

Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on May 31. The customer picks up the bike on June 1

Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on May 31. The customer picks up the bike on June 1 and mails the payment to Orange County on June 5. Orange County receives the check in the mail on June 6. When should Orange County show that the revenue was recognized?

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