Journalize the revenue transaction, and indicate how recording this revenue in December would affect the current ratio.
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Question:
Journalize the revenue transaction, and indicate how recording this revenue in December would affect the current ratio.
Discuss whether it is ethical to record the revenue transaction in December. Identify the accounting principle relevant to this situation, and give the reasons underlying your conclusion.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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