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Rosa's Roses has a wonderful selection of beautiful and colorful flowers. On July 2nd she receives an order from Nicole for 100 flowers, She prepares

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Rosa's Roses has a wonderful selection of beautiful and colorful flowers. On July 2nd she receives an order from Nicole for 100 flowers, She prepares the order and ships them on July 9th. Because Nicole and Rosa are such close friends, Rosa covers the shipping costs. The flowers arrive on July 11th. Which of the following statements is true Select one a. The journal entry to record revenue on July 2nd includes a credit to revenue, O b. On July 9th Rosa should recognize revenue since there has been a transfer of the risks and rewards of ownership to the customer. O c. Regardless of when the flowers are delivered, Rosa will record revenue once Nicole pays her. Od on July 9th Rosa should not yet recognize revenue since there has not been a transfer of the risks and rewards of ownership to the customer

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