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Question 31 Not yet answered Marked out of 2.00 P Flag question On October 1, 2022, Caramel S.A. enters into a contract
Posted: Mon May 02, 2022 6:51 am
by answerhappygod
- Question 31 Not Yet Answered Marked Out Of 2 00 P Flag Question On October 1 2022 Caramel S A Enters Into A Contract 1 (36.58 KiB) Viewed 34 times
Question 31 Not yet answered Marked out of 2.00 P Flag question On October 1, 2022, Caramel S.A. enters into a contract to transfer a product to Choco Loco on November 30, 2022. It is agreed that Choco Loco will pay the full price of $36,000 in advance on October 15, 2022. Choco Loco pays on October 15, 2022, and Caramel delivers the product on November 30, 2022. When revenue should be recognized from this transaction? a. October 15, 2022. O b. November 30, 2022. C. November 25, 2022. O d. October 1, 2022.