If Comapny A is a seller and Company B is the buyer... Co. A sells...
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If Comapny A is a seller and Company B is the buyer... Co. A sells spare parts on just in time inventory basis and company B tells company A an outline of what parts they may need during the year. Co. A buys from vendor - not involving Co. B in purchase but ships to company B, but transfer of ownership doesnt occur until B places a purchase order. How should A recognize revenue???? PLEASE EXPLAIN
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