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A flower shop makes a large sale for $$1300$ on November $30.$ The customer is sent a statement on December $5$ and a check is received

on December $10.$ The flower shop follows GAAP and applies the revenue recognition principle. When is the $$1300$ considered to be

recognized?

December $1$

December $5.$

November $30.$

December $10.$

A flower shop makes a large sale for $$1300$ on November $30.$ The customer is sent a statement on December $5$ and a check is received

on December $10.$ The flower shop follows GAAP and applies the revenue recognition principle. When is the $$1300$ considered to be

recognized?

December $1.$

December $5.$

November $30.$

December $10.$