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E18-3 (Revenue Recognition-point of sale) Presented below are three revenue recognition situations. Grupo sells goods to MTN for $1,000,000, payment due at delivery. Grupo sells

E18-3 (Revenue Recognition-point of sale) Presented below are three revenue recognition situations.

Grupo sells goods to MTN for $1,000,000, payment due at delivery.

Grupo sells goods on account to Grifols for $800,000, payment due in 30 days.

Grupo sells goods to magnus for $500,000, payment due in.

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