A flower shop makes a large sale for 1000 on november 30, Ask an Expert

Accounting

A flower shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and a check is received on December 10. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1,000 considered to be earned?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956991

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