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Your arkweris partially correct. On May 1,2025, Crane Company enters into a contract to transfer a product to Eric Comparn on 5 eptember 30,2025 .
Your arkweris partially correct. On May 1,2025, Crane Company enters into a contract to transfer a product to Eric Comparn on 5 eptember 30,2025 . it is areed that Eric whil pay the full price of $20,000 in adyance on June 15, 2025. Eric pays on hune 15,2025, and Crane delivers the prodoct an Septerwber 30,2025. How much revenue does Crane recognize (a) June 15, 2025 and (b) September 30,2025
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Managerial Accounting
Authors: Kulp, Susan, Dragoo, Amie, Hartgraves, Al L, Morse Wayne J.
9th Edition
1618533622, 9781618533623
