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Business, 27.08.2021 19:00 DESI111609

Presented below are three revenue recognition situations. (a) Groupo sells goods to MTN for $1,058,000, payment due at delivery. (b) Groupo sells goods on account to Grifols for $804,000, payment due in 30 days. (c) Groupo sells goods to Magnus for $455,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $417,200

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Presented below are three revenue recognition situations. (a) Groupo sells goods to MTN for $1,058,0...
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