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Which of the following correctly applies the revenue recognition principle? Multiple Choice Recorded revenue for cash received from customers in December 2019 for products that

Which of the following correctly applies the revenue recognition principle? Multiple Choice Recorded revenue for cash received from customers in December 2019 for products that will ship in March 2020. Recorded revenue in December 2019 for units sold on account in December. Recorded revenue in December 2019 for units manufactured in December but not yet sold to customers. Did not record interest earned in 2019 until the cash is received in 2020image text in transcribed

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