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SVK Corporation is a manufacturer of printed circuit boards. SVK delivered 725 circuit boards to a customer as ordered. Terms of the order called for

SVK Corporation is a manufacturer of printed circuit boards.

SVK delivered 725 circuit boards to a customer as ordered.

Terms of the order called for payment in 30 days, and title to the boards transferred to the customer upon shipment of the product.

Revenue will be recorded at shipment under current ASPE standards

True

False

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