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Revenue Recognition: Requirement: Identify the revenue recognition method used. Question: A company sold goods worth $10,000 on January 1, 2024, with payment due in 30

·Revenue Recognition:

Requirement: Identify the revenue recognition method used.
Question: A company sold goods worth $10,000 on January 1, 2024, with payment due in 30 days. When should the company recognize the revenue if it follows the accrual basis of accounting?

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