JustCookies signs a contract to sell $20,000 worth of cookies to a restaurant in June. The...
JustCookies signs a contract to sell $20,000 worth of cookies to a restaurant in June. The cookies are delivered in July, and the restaurant pays in August. When should JustCookies record the revenue?
Answers: 1. when payment is received
2. when delivery is completed
3. when the contract is signed
4. when the cookies are baked
5. when the fiscal year ends
Homework Answers
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JustCookies signs a contract to sell $20,000 worth of cookies to
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