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installment, outstanding unpaid 7. In 2021, Malita Inc. sold its parking lot for P2,400,000 payable on i lot was previously acquired for P1,500,000. The
installment, outstanding unpaid 7. In 2021, Malita Inc. sold its parking lot for P2,400,000 payable on i lot was previously acquired for P1,500,000. The buyer has an balance of P1,800,000 as of December 31, 2021, Malita's year-end. Compute Malita's gross income in 2021 using the installment method.
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
