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Business, 05.10.2019 02:20 ljcervantes6610

Acompany accepts a customer’s order on november 30 and immediately delivers the goods to the customer. on december 1, the company sends the customer an invoice stating payment is due no later than january 1. the company receives a check from the customer for the full amount due on december 22. the company follows the revenue recognition principle and accrual-basis accounting. on what day should the company recognize revenue for this order?

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