Business
Business, 12.04.2021 18:20, 1930isainunez

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?

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Answers: 2

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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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