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Select when revenues and matching expenses will be recognized
1. The goods are shipped to costumers increasing accounts receivable
2. Raw materials or finished goods are purchased increasing accounts payable
3. Goods are received into finished goods inventory
4. Suppliers are paid cash reducing accounts payable
5. Costumers pay cash reducing accounts receivable

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Select when revenues and matching expenses will be recognized1. Th.pdf

  • 1. Select when revenues and matching expenses will be recognized 1. The goods are shipped to costumers increasing accounts receivable 2. Raw materials or finished goods are purchased increasing accounts payable 3. Goods are received into finished goods inventory 4. Suppliers are paid cash reducing accounts payable 5. Costumers pay cash reducing accounts receivable