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How much revenue is recognized on the march income statement

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Question - In the Month of March, Chester received orders of 198 units at a price of $15.00 for their product Cat, and in April receives an order for 50 units of their product Cat at $15.00. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 0 units in March, 198 units in April and 50 units in May. They received payment for 198 units in April, and payment for 50 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement?

Reference no: EM133145354

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