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Take Test: Unit 2 CA: Financial Statements, Tax, and Value &... According to the realization principle, revenue from a sale of a firm's products are

Take Test: Unit 2 CA: Financial Statements, Tax, and Value &...

According to the realization principle, revenue from a sale of a firm's products are recognized _____. (CSLO 2)

when the products are shipped to the buyer.

when the buyer orders the goods.

when cash is realized from the sale of the products.

at the time of the sale whether or not cash is actually received.

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