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On November 27,Acme,Inc

Question 54

Multiple Choice

On November 27,Acme,Inc.ordered merchandise from Zenith Company.Zenith shipped the merchandise to Acme on November 29,FOB shipping point.The merchandise arrived at Acme's warehouse on December 1.Acme paid for the merchandise on January 2.When should Zenith recognize revenue?


A) November 27
B) November 29
C) December 1
D) January 2

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