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Question 12 [14 points] A company makes an arrangement to store a six-month supply of steel sheeting in its own warehouse to facilitate a
Question 12 [14 points] A company makes an arrangement to store a six-month supply of steel sheeting in its own warehouse to facilitate a customer's needs. The customer has paid the full purchase price in advance, and will make requests for delivery of the product as needed. The company is able to separately identify the cost of storing the goods in its warehouse. Describe how the revenue from this transaction should be recognized, including the relevant conditions that need to be satisfied
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