French Bakery makes a large sale for $1,000 of pastry on November 23. However, the...
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Accounting
French Bakery makes a large sale for $1,000 of pastry on November 23. However, the customer paid the full amount on December 10. The bakery shop follows GAAP and applies the revenue recognition principle. When is the $1,000 considered to be recognized? Select one: a. December 1. b. November 30. c. November 23. d. December 10.
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