Rancourt Corp. is a real estate company. Approximately 50% of sales are properties that Rancourt owns. In

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Rancourt Corp. is a real estate company. Approximately 50% of sales are properties that Rancourt owns. In the remaining 50%, Rancourt brokers the transactions by finding buyers for property owned by other companies. Explain how Rancourt should present the revenues from both of these operations.
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Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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