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Roller Company enters into a contract with Myers Company to purchase a new machine. Myers agrees to sell the machine for $125,000. What is one
Roller Company enters into a contract with Myers Company to purchase a new machine. Myers agrees to sell the machine for $125,000. What is one major difference that occurs between Roller and Myers when the contract is agreed upon and when revenue is recognized? Select answer from the options below When revenue is recognized, Myers is paid, whereas when the contract is agreed upon, Roller gains control over the machine. When the contract is agreed upon, Myers is paid $125,000, and when revenue is recognized, Roller has control of the machine. When revenue is recognized Myers has control of the machine, whereas when the contract is agreed upon, Roller has control of the machine. When the contract is agreed upon, Myers has control of the machine, whereas when revenue is recognized, Roller has control of the machine
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