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When is the considered to be recognized

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Question - Lane & Lenge Florists in West Hartford sells and delivers flowers for $1,200 on November 30. The shop's chief accountant, Ashley Doris Wilson (Hall High 2007) sends an invoice that day. The customer receives the invoice on December 5. Lane & Lenge receives a check for $1,200 on Dec. 10. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1,200 considered to be recognized?

A. November 30

B. December 5

C. December 10

D. December 31

Reference no: EM133111214

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