Answer:
The revenue will be recognized on the June 25th
Step-by-step explanation:
Data provided in the question:
Date on which the order for 500 cupcakes was received is June 1st
Date on which the order for 500 cupcakes was delivered is June 25th
Date on which the deposit of $50 was received is June 5th
Date on which the remaining $450 was received is June 30th
Now,
Revenue is always recognized as and when revenue generated and order completes.
Therefore,
In the given question, the order was delivered on June 25th
Hence,
The revenue will be recognized on the June 25th
