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Which of the following statements if false?
A- a liability is created when cash is received prior to delivery of the goods or services?
B-revenue is recognized at the time of delivery of the goods or services if cash is received. C-revenue isn't recognized at the time of delivery of goods and services if cash is received after delivery of the goods and services. D-collecting cash after delivery of a good service does not create revenue on the income statemet as the date of collection |
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