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Business, 02.02.2021 04:40 genyjoannerubiera

On February 12, Goal Publishing, Inc., purchased the copyright to a book for $15,000 and agreed to pay royalties equal to 10% of book sales, with a guaranteed minimum royalty of $60,000. Goal had book sales of $750,000 during the year. In its income statement, what amount should Goal report as royalty expense for the year

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On February 12, Goal Publishing, Inc., purchased the copyright to a book for $15,000 and agreed to p...
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