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Revenue is recorded on an income statement when Multiple Choice goods are placed in inventory and are ready for future delivery. an order for goods

Revenue is recorded on an income statement when

Multiple Choice

goods are placed in inventory and are ready for future delivery.

an order for goods or services is placed and an initial payment is received.

an order for goods is placed.

an exchange of goods or services has occurred and the earnings process is completed.

payment for a sale has been received in full.

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