Question
Johnson sells $104,000 of product to Robbins, and also purchases $10,800 of advertising services from Robbins. The advertising services have a fair value of $8,400.
Johnson sells $104,000 of product to Robbins, and also purchases $10,800 of advertising services from Robbins. The advertising services have a fair value of $8,400. Johnson should record revenue on its sale of product to Robbins of:
A.) 93,200
B.) 95,600
C.) 101,600
D.) 104,000
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th International Edition
0132815591, 9780132815598
