Question: Brief Exercise 6 - 2 8 ( Algo ) Timing of revenue recognition; bill - and - hold [ LO 6 - 7 ] Dowell

Brief Exercise 6-28(Algo) Timing of revenue recognition; bill-and-hold [LO6-7]
Dowell Fishing Supply, Incorporated, sold $45,000 of Dowell Rods on December 15,2024, to Bassadrome. Because of a shipping backlog, Dowell held the inventory in Dowells warehouse until January 12,2025(having assured Bassadrome that it would deliver sooner if necessary).
How much revenue should Dowell recognize in 2024 for the sale to Bassadrome?

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