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When should revenue be recorded for the company

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Problem 1: On December 15, 2015, a public company received an order from a customer for services to be performed on December 28, 2015. Due to a backlog of orders, the company does not perform the services until January 3, 2016. The customer pays for the services on January 6, 2016. When should revenue be recorded for the company? Why (support your argument with a principle from the textbook)?

Reference no: EM132945191

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