Question: Question 1 6 ( 1 point ) When a company sells goods in December but receives payment in January, according to the revenue recognition principle,

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When a company sells goods in December but receives payment in January, according to the revenue recognition principle, when is the revenue recognized? O In December when the goods are delivered. In February when the financial statements are prepared. O In March when the annual audit is completed. O In January when payment is received.

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