A company accepts a customer's order on November 30 and immediately delivers the goods to the customer. On December 1, the company sends the customer an invoice stating payment is due no later than January 1. The company receives a check from the customer for the full amount due on December 22. The company follows the revenue recognition principle and accrual-basis accounting. On what day should the company recognize revenue for this order?

Which type of price discount would most likely be offered by a ski lodge during the summer months?

A) quality discount B) seasonal discount C) promotional allowance D) associate allowance E) functional discount

Rectification is

A) an order indicating a major breach of contract occurred and the contract is void B) a letter from one party to the contract to the other party stating that there is a mistake in the contract C) a Court order which corrects a written document to reflect accurately the contract made by the parties D) a judgment made by the Court granting damages to an innocent party E) a letter from the Court which states that there is a mistake in the contract