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Both answers, 9450000 and 950000, are incorrect. Please help me Your answer is partially correct. Skysong sells goods to Concord for $520,000, payment due in
Both answers, 9450000 and 950000, are incorrect. Please help me
Your answer is partially correct. Skysong sells goods to Concord for $520,000, payment due in two instalments: the first instalment payable in 18 months, and the second payment due 6 months later. The present value of the future payments is $425,000. Skysong would recognize revenue of $ 425000 at the point of sale Interest revenue of $ 950000 will be earned over the next 2 years using the effective interest n e Textbook and Media Assistance Used e TextbookStep by Step Solution
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