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Halo Company entered into a contract with Ringo Corporation, in which Halo agreed to provide Ringo with building supplies. Ringo agreed to pay a total

Halo Company entered into a contract with Ringo Corporation, in which Halo agreed to provide Ringo with building supplies. Ringo agreed to pay a total of $ 27,000 at delivery. Under the contract-based view, Halo's net contract position can be assumed to be

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$ 9,000.

$ 27,000.

$ 18,000.

$ 0.

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