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1 On May 1 IS, Cosmo Co. enters into a contract to deliver a product to Greig Inc. lune 15, 2015. Greig agrees to

1 On May 1 IS, Cosmo Co. enters into a contract to deliver a product to Greig Inc. lune 15, 2015. Greig agrees to pay the full contract price of 2,000 on July IS, 2015. The cost

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