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31 August, 16:46

A flower shop makes a large sale for $1,000 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 $1,000 considered to be earned?

a. December 5

b. December 10

c. November 30

d. December 1

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Answers (1)
  1. 31 August, 17:25
    0
    November 30

    Explanation:

    it's hard for me to explain it but basically sales are made whether the company receives the money or not
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