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Question $(1)$

Beverage Wholesaling Ltd$.$ extends $30-$day payment terms to its customers. It recognives revenue upon delivery of goods to its customers, which typically occurs before customers have paid. Is the company recognizing revenue appropriately? Why or why not?

Yes, because the company has satistied all requirements of the five$-$step revenue recognition model upon delvery of the goods.

No$,$ because revenue associated with the agreed payment terms must be recognized only ather $30$ chas.

Yes, because at that point, the company can measure the exact expenses associated with the procurement, handine, and shipment of the goods.

No$,$ because the company has not yet received payment from the customer, so it must wait until the cash has been received.