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Question 7 of 7 View Policies < Current Attempt in Progress Presented below are three revenue recognition situations -/14.28 Groupo sells goods to Magnus
Question 7 of 7 View Policies < Current Attempt in Progress Presented below are three revenue recognition situations -/14.28 Groupo sells goods to Magnus for $480,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $443.000 Indicate the transaction price for each of these situations and when revenue will be recognized (a) Groupo sells goods to MTN for $901.000 payment due at delivery (b) Groupa sells goods on account to Grifols for $879.000, payment due in 30 days (c) (a) Transaction Price Revenue will be recognized eTextbook and Media See for Late O type here to search B $ e (d) E 2/18 bije
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