Business, 19.02.2020 01:01 MorgannJ

A flower shop makes a large sale for $1,000 on November 30th. The customer is sent a bill on December 5 and the flower shop receives payment on December 10th. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1,000 considered to be recognized?

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A flower shop makes a large sale for $1,000 on November 30th. The customer is sent a bill on Decembe...

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