If a customer orders an XBox on January 15th, the customer pays for the XBox on January
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Question:
If a customer orders an XBox on January 15th, the customer pays for the XBox on January 20th and Amazon delivers the XBox on February 5th when should Amazon recognize the revenue?
Why should they recognize the revenue on this date. Assume that the Amazon uses IFRS. ii. What if they use ASPE would your answer change? How would it change?
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