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Moss sells cars and warrant for 2 years. On 1/1/2023, the company received an order of 1000 cars and their warranties, the discounted prices in
- Moss sells cars and warrant for 2 years. On 1/1/2023, the company received an order of 1000 cars and their warranties, the discounted prices in for this order is $5,000 Regularly, the car is sold separately for $4,500 and the warranty for $1,000.
- a) how many obligations is Moss required to deliver to the buyer?
- b) how much of the discounted sale price should be given to sales revenue and how much to deferred revenue?
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
