Identify the critical event that will trigger revenue

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Question: During December, Wildhorse Appliance Company sold appliances to Swifty Company for $31,000. Wildhorse is unable to determine Swifty's ability to pay the amount owing. Swifty pays the full amount due in February of the following year. Wildhorse uses the earnings approach to revenue recognition. Identify the critical event that will trigger revenue recognition.

Reference no: EM133376466

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