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An entity sells goods for 150,000 to a customer who was granted a special credit period of 1 year. The entity normally sells the goods
An entity sells goods for 150,000 to a customer who was granted a special credit period of 1 year. The entity normally sells the goods for 120,000 with a credit period of one month or with a 10,000 discount for outright payment in cash. Compute for the initial measurement of the receivable?
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