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17 August, 23:28

Which of the following statements about credit sales are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

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  1. 17 August, 23:48
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    The correct statements about credit sales are:

    Accounts receivable arise from credit sales Accounts receivable should be reported at net realizable value. Revenue is reported when the company fulfills its promise to transfer control of a good or service to a customer
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