Question: which would be true? Action Sales ordered merchandise for their inventory in January that arrived in February. In March they paid the vendor. In late
Action Sales ordered merchandise for their inventory in January that arrived in February. In March they paid the vendor. In late April a customer ordered goods from Action Sales. The goods were delivered and an invoice sent to the customer in early May. The customer paid for the goods in June. Which of the following statements is true for Action Sales? O Revenue is recorded in April and the cost of the goods sold was recorded in January Both the revenue and the cost of the goods sold are recorded in April. Both the revenue and the cost of the goods sold are recorded in May. Revenue is recorded in June and the cost of the goods sold was recorded in March
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