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Suppose that before 2 0 1 2 Apple recognized revenue on domestic sales when the goods were shipped and recognized revenue on international sales when
Suppose that before Apple recognized revenue on domestic sales when the goods were shipped and recognized revenue on international sales when the goods were delivered to the customer. Lets also suppose that in Apple began recognizing revenue on all sales, domestic and international, when they were shipped.
Which of the following is true?
Apples accounting prior to violated the consistency principle.
Apples accounting in violated the consistency principle.
Neither Apples accounting before or during violated the consistency principle.
Both Apples accounting before and during violate the consistency principle.
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