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help question 1 explain also In July, Telly-Rental sells a home theatre for $1,000 on an installment basis: Telly-Rental generally earns a gross margin of

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In July, Telly-Rental sells a home theatre for $1,000 on an installment basis: Telly-Rental generally earns a gross margin of 25%. The customer pays $500 in December. How much revenue is recorded by Telly-Rental in December? Select one: O a $1,000 O b. $125 Oc. $250 Od $500 Based on the following information, what is the impairment amount to be recorded

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