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The Garrison Company offers terms of net 30 days for its credit sales. It records the revenue from these sales as soon as the sales are made rather than waiting until cash is received from the customers. This is an example of the
The Garrison Company offers terms of net 30 days for its credit sales. It records the revenue from these sales as soon as the sales are made rather than waiting until cash is received from the customers. This is an example of the realization principle.
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Asked 11/6/2013 5:16:06 PM
Updated 8/16/2016 4:36:17 AM
1 Answer/Comment
Flagged by emdjay23 [8/15/2016 1:45:16 PM], Unflagged by jeifunk [8/16/2016 4:36:15 AM], Edited by jeifunk [8/16/2016 4:36:17 AM]
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The Garrison Company offers terms of net 30 days for its credit sales. It records the revenue from these sales as soon as the sales are made rather than waiting until cash is received from the customers. This is an example of the realization principle.
Added 8/15/2016 1:45:19 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/16/2016 4:36:18 AM]
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. The method of accounting for losses from uncollectible accounts that produces a proper valuation of the accounts receivable on the balance sheet is
Weegy: Please clarify your question. (More)
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Updated 3/27/2016 4:21:31 PM
1 Answer/Comment
The method of accounting for losses from uncollectible accounts that produces a proper valuation of the accounts receivable on the balance sheet is the allowance method based on aging the accounts receivable.

Added 3/27/2016 4:21:30 PM
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Confirmed by Andrew. [3/28/2016 12:12:23 AM]
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