A flower shop makes a large sale for $1,500 on June 30. The customer is sent a statement on July 5 and a check is received on July 10. The flower shop follows GAAP and applies the revenue recognition principle. When should the $1,500 be recognized
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Home » Business » A flower shop makes a large sale for $1,500 on June 30. The customer is sent a statement on July 5 and a check is received on July 10. The flower shop follows GAAP and applies the revenue recognition principle. When should the $1,500 be recognized