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The Mediterranean Shop follows the revenue recognition principle. Mediterranean services a bicycle on July 31. The customer picks up the bike on August 1 and

The Mediterranean Shop follows the revenue recognition principle. Mediterranean services a bicycle on July 31. The customer picks up the bike on August 1 and mails the payment to Mediterranean on August 5. Mediterranean receives the check in the mail on August 6. When should Mediterranean show that the revenue was recognized? a. July 31 b. August 1 c. August 5 d. August 6

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