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on february 12, goal puplishing,inc., purchased the copyright to a book for$15000 and agreed to pay royalties equal to 10% of book sales, with a
on february 12, goal puplishing,inc., purchased the copyright to a book for$15000 and agreed to pay royalties equal to 10% of book sales, with a guaranteed minimum royalty of $60000 goal had sales of $750000 during the year. in its income statment, what amount should gosal report as royalty expense for thr year?
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