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Class Notes
Chemistry 101
Accounting 200
Class Notes
Accounting 200
Basic journal entries and accounting principles.
Class Notes
4/13/2020
Before revenue is recognized, the following criteria must be met:
persuasive evidence of an arrangement must exist;
delivery must have occurred or services been rendered;
the seller's price to the buyer must be fixed or determinable;
and collectability should be reasonably assured.
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