Multiple Choice
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 IFRS and applies the revenue recognition principle.When is the $1,000 considered to be earned?
A) December 5.
B) December 10.
C) November 30.
D) December 1.
Correct Answer:
Verified
Correct Answer:
Verified
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