[Solved] On June 1st,Joseph & Company Received a $500 Deposit for 80

Question 150
Multiple Choice

On June 1st,Joseph & Company received a $500 deposit for 80 cases of wine.On June 10th the customer identified specific vintages that are included in Joseph's inventory,and asked that Joseph not ship the wine until June 20 so the customer could ready space to store the wine,so Joseph set those wines aside for the customer,boxed and ready for shipment to the customer.On June 20th the wine was shipped and delivered to the customer.Joseph likely would recognize revenue on

A)June 20th
B)June 10th
C)June 1st
D)Upon consumption of the wine by the customer

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