The company is also starting to sell a new product which is also expected to be very
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Question:
- The company is also starting to sell a new product which is also expected to be very profitable. The customers will be subject to credit checks and will meet minimum credit requirements. The products will be ordered and then picked up by the customers from the company's warehouse.
Required: Recommend a policy for the recognition of revenue in this case, supporting your recommendation with short CPA handbook section quotes (don't cut and paste a paragraph) and notations.
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