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1. In 2017, merchandise costing P350,000 was sold for P500,000. Collections were made as follows: 2017 P 100.000 2018 360,000 2019 40,000 How much is

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1. In 2017, merchandise costing P350,000 was sold for P500,000. Collections were made as follows: 2017 P 100.000 2018 360,000 2019 40,000 How much is the realized gross profit in 2017, 2018 and 2019, using accrual basis, cost recovery, gross profit realization and installment method, respectively? RGP in Accrual Method Cost Recovery Gross Profit Installment year: Method Realization Method 2017 2018 2019

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