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On January 15, 2024, Bella Vista Company enters into a contr…
On January 15, 2024, Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract specified a delivery date of March 1, 2024. The equipment was not delivered until March 31, 2024. The contract required full payment of $75,000 by April 30, 2024. On which date should Bella Vista recognize revenue on this contract?
On January 15, 2024, Bella Vista Company enters into a contr…
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On Jаnuаry 15, 2024, Bellа Vista Cоmpany enters intо a cоntract to build custom equipment for ABC Carpet Company. The contract specified a delivery date of March 1, 2024. The equipment was not delivered until March 31, 2024. The contract required full payment of $75,000 by April 30, 2024. On which date should Bella Vista recognize revenue on this contract?