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June 22, 2018

Sold

June 22, 2018/ Steven Bragg

An asset has been sold when title to it has been transferred from the seller to the buyer, usually in exchange for some type of consideration. At this point, the seller recognizes the revenue associated with the sale, while the buyer may charge it to expense or record it as an asset.

June 22, 2018/ Steven Bragg/
Definitions

Steven Bragg

  • Stop payment
  • Spot price
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