Sara sells $100 worth of inventory to her client on credit on January 15. She delivers the

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Sara sells $100 worth of inventory to her client on credit on January 15. She delivers the inventory to the client on January 20. The client pays for the inventory of February 26. On what date should Sara recognize the revenue from the sale?

a. January 15

b. January 20

c. January 31

d. February 26

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Principles Of Finance

ISBN: 9798439388899

1st Edition

Authors: Julie Dahlquist, Rainford Knight

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Question Posted: Jun 22, 2022 01:07 AM

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Sara sells $100 worth of inventory to her client on credit on January 15. She delivers the

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d February 26 The revenue from a sale should be recognized when the ...View the full answer

Principles Of Finance

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