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  3. Study Set
    Principles of Accounting Study Set 1
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    Exam 2: Analyzing and Recording Business Transactions
  5. Question
    A Purchase Should Usually Not Be Recognized (Recorded)before the Title
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A Purchase Should Usually Not Be Recognized (Recorded)before the Title

Question 108

Question 108

True/False

A purchase should usually not be recognized (recorded)before the title is transferred because,until that point,the vendor has not fulfilled its contractual obligation and the buyer has no liability.

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