On May 2nd, 2013 a client called Gourment Carter ordered $1,000 for a reception in June. The
Fantastic news! We've Found the answer you've been seeking!
Question:
On May 2nd, 2013 a client called Gourment Carter ordered $1,000 for a reception in June. The client stopped by on May 15th and left a check of $500 and promised to pay the remaining balance upon the delivery of food to the June reception. Gourmet Carter delivered the food to the reception on June 10, 2013.
Which is right?
a. Gourmet Carter should recognize $500 sales revenue on May 15th
b. Gourmet Carter should recognize $1000 sales revenue on May 2nd
c. Gourmet Carter should reconize $1000 salves revenue on June 10th
d. None of these are correct
Related Book For
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
Posted Date: