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In the Month of March, Baldwin Corporation received orders of 141 units at a price of $15.00 for their product Bolt. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 94 units in March and the balance of 47 units in April. They received payment for 47 units in March, 47 units in April, and 47 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92753584

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