Business, 27.03.2020 04:30 jose477

A flower shop makes a large sale for $1,000 on November 30 and delivers the flowers the same day. 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 revenue recognized in the accounting records?

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A flower shop makes a large sale for $1,000 on November 30 and delivers the flowers the same day. Th...

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