Multiple Choice
On March 1, a customer places an order for a wedding cake with Stick Boy Bakery. The customer is sent a statement on March 30 and a check is received on April 10. The cake is delivered to the wedding reception on May 2. The bakery shop follows GAAP and applies the revenue recognition principle. When is the revenue from the sale of the wedding cake considered to be recognized?
A) March 1.
B) March 30.
C) April 10.
D) May 2.
Correct Answer:
Verified
Correct Answer:
Verified
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