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Q 7.21: Carolina Lab Supply sells a dual access laminar flow hood with a list price of $60,000 to BioStart Inc. BioStart Inc. will pay

Q 7.21:

Carolina Lab Supply sells a dual access laminar flow hood with a list price of $60,000 to BioStart Inc. BioStart Inc. will pay $65,000 in one year. Carolina Lab Supply normally sells this type of equipment for 95% of list price. How much should be recorded as revenue?

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