In the Month of March, Baldwin received orders of 175 units at aprice of $15.00 for their product Bill, and in April received an order for 44 units of their product Bill at $15.00. Baldwin uses the accrual method of accounting and offers 30 day credit terms.Baldwin delivers 0 units in March, 175 units in April and 44 units in May. They received payment for 175 units in April, and paymentfor 44 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Incomestatement? (Answer in thousands)

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Answer To solve this problem we need to apply the revenue recognition principles under the accrual m... View the full answer