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Please answer photo below Partha Corp. sold widgets, to Devra, Inc. for $512,500 on June 1, 2020. The widgets cost Partha Corp. $235,750. According to
Please answer photo below
Partha Corp. sold widgets, to Devra, Inc. for $512,500 on June 1, 2020. The widgets cost Partha Corp. $235,750. According to the terms of the sale, Devra, Inc. is to pay Partha Corp. $132,400 at the end of 2020, $312,750 at the end of 2021, and $67,350 at the end of 2022. Leave no cells blank. Do not round intermediate calculations, and round all final answers to the nearest dollar. Collection Year: 2020 2021 2022 Amount Collected $ 132,400 $ 312,750 $ 67,350 Cost Recovery Method Collection Year: 2020 2021 2022 Cost recovered GP recognized under Cost Recovery Cost yet to be recovered Balance in Deferred GP under Cost Recovery Method Installment Method Collection Year: 2020 2021 2022 GP recognized under Installment Method Balance in Deferred GP under Installment Method Generally Accepted Accounting Principles Collection Year: 2020 2021 2022 GP recognized under GAAP Balance in Deferred GP under GAAPStep by Step Solution
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