Question
Coronado land sales Sold for $245,000 a parcel of land that cost $180,000. the cost recovery method was appropriately used. collections on the sales were;
Coronado land sales Sold for $245,000 a parcel of land that cost $180,000. the cost recovery method was appropriately used. collections on the sales were; $60,000 in 2012 $90,000 in 2013 and $95,000 in 2014. Prepare journal entries to record the sales cash collection and Reconciliation of gross profit (if appropriate) and 2012, 2013 and 2014
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Government Auditing Standards
Authors: U.S. Government Accountability Office
1st Edition
B0C9S8NVST, 979-8851147746
