Business, 17.12.2019 20:31 keldrickking
On march 31, year 1 fox co. received an advance payment of 60% of the sales price for special order goods to be manufactured and delivered within 5 months. at the same time, fox subcontracted for production of the special-order goods at a price equal to 40% of the main contract price. what liabilities should be reported in fox’s march 31, year 1, balance sheet?
Answers: 3
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On march 31, year 1 fox co. received an advance payment of 60% of the sales price for special order...
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