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When should selam recognize revenue

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Reference no: EM132603620

Question 1: Selam Eatery operates a catering service specializing in business luncheons for large corporations. Selam requires customers to place their orders 2 weeks in advance of the scheduled events. Selam bills its customers on the tenth day of the month following the date of service and requires that payment be made within 30 days of the billing date. Conceptually, when should Selam recognize revenue related to its catering service?

Reference no: EM132603620

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