Business, 14.04.2020 22:37, aliviafrancois2000
In the Month of March, Baldwin received orders of 156 units at a price of $15.00 for their product Bolt, and in April receives an order for 39 units of their product Bolt at $15.00. Baldwin uses the accrual method of accounting and offers 30-day credit terms. Baldwin delivers 0 units in March, 156 units in April and 39 units in May. They received payment for 156 units in April and payment for 39 units in May.
Required:
How much revenue is recognized on the March income statement from this order?
Answers: 1
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In the Month of March, Baldwin received orders of 156 units at a price of $15.00 for their product B...
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