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Zelda Co experienced the following events: (1) An order was placed by a customer in December 20X2 for goods with a selling price of $30,000
Zelda Co experienced the following events: (1) An order was placed by a customer in December 20X2 for goods with a selling price of $30,000 to be delivered to the customer in January 20X3. The customer is expected to pay for these goods in February 20X3. (2) An order was placed by a customer in December 20X2 for goods to be delivered in February 20X3. Zelda Co needed to purchase raw materials specifically for this order so the customer was required to pay the full sales price at the time of order. (3) Goods ordered by a customer in November were dispatched on 15 December 20X2. The customer is expected to pay for these goods in January 20X3. (4) Goods were delivered to a customer and payment was received for them in December 20X2. A significant loss was made on these goods. For which of these events should Zelda Co recognise revenue during the year ended 31 December 20X2? 3 and 4 1 and 2 1 and 4. 2 and 3
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