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Assume a contract for the sale of goods specifies that the seller will receive cash 20 months after delivery of a product. The seller is

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Assume a contract for the sale of goods specifies that the seller will receive cash 20 months after delivery of a product. The seller is likely to do which of the following with respect to the time value of money over the life of the contract? Multiple Choice Recognite interest expense Recognize sales revenue for an amount that is less than the cash eventually received Recognize additional cost of goods sold Ignore the time value of money

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