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HGT sells IT software and three-year support contracts. Sales of software for the current year amounted to H$500,000. Support contracts, sold independently of the software,
HGT sells IT software and three-year support contracts. Sales of software for the current year amounted to H$500,000. Support contracts, sold independently of the software, amounted to a total of H$60,000 on the first day of the year. Calculate the amount HGT should recognise as total revenue for the current year
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
